Blockchain Australia: “blockchain and cryptocurrencies cannot be compared to the Wild West”
The industry organization Blockchain Australia has accused the Australian government of inaction and reluctance to develop regulations to regulate blockchain in the country. Blockchain Australia CEO Steve Vallas chided the local government for considering the cryptocurrency industry a “hotbed of scammers and attackers” rather than interacting with target groups to develop effective regulation. Wallas said this in a speech to the Australian Senate Special Committee. In July, Blockchain Australia approached the Australian Senate Technology and…