The head of Australia’s market regulator, Joe Longo, is looking to embrace tokenization in Australia’s capital markets, fearing the country will fall behind if it doesn’t act. Australia’s capital markets risk being outpaced by other countries unless it embraces new technology such as tokenization, says the head of the country’s markets regulator.“As other countries adapt and innovate, there’s a real risk Australia could become the ‘land of missed opportunity’ or be passive recipients of developments overseas,” Australian Securities and Investments Commission (ASIC) Chair Joe Longo told the National Press Club on Wednesday.Over $35.8 billion worth of real-world assets are currently tokenized onchain, which Boston Consulting Group estimated could rise to $16 trillion by 2030, while McKinsey & Co predicted a more conservative $2 trillion over the same time frame.Read more The head of Australia’s market regulator, Joe Longo, is looking to embrace tokenization in Australia’s capital markets, fearing the country will fall behind if it doesn’t act. Australia’s capital markets risk being outpaced by other countries unless it embraces new technology such as tokenization, says the head of the country’s markets regulator.“As other countries adapt and innovate, there’s a real risk Australia could become the ‘land of missed opportunity’ or be passive recipients of developments overseas,” Australian Securities and Investments Commission (ASIC) Chair Joe Longo told the National Press Club on Wednesday.Over $35.8 billion worth of real-world assets are currently tokenized onchain, which Boston Consulting Group estimated could rise to $16 trillion by 2030, while McKinsey & Co predicted a more conservative $2 trillion over the same time frame.Read more

Australia risks ‘missed opportunity’ by shirking tokenisation: ASIC boss

2025/11/07 09:07

The head of Australia’s market regulator, Joe Longo, is looking to embrace tokenization in Australia’s capital markets, fearing the country will fall behind if it doesn’t act.

Australia’s capital markets risk being outpaced by other countries unless it embraces new technology such as tokenization, says the head of the country’s markets regulator.

“As other countries adapt and innovate, there’s a real risk Australia could become the ‘land of missed opportunity’ or be passive recipients of developments overseas,” Australian Securities and Investments Commission (ASIC) Chair Joe Longo told the National Press Club on Wednesday.

Over $35.8 billion worth of real-world assets are currently tokenized onchain, which Boston Consulting Group estimated could rise to $16 trillion by 2030, while McKinsey & Co predicted a more conservative $2 trillion over the same time frame.

Read more

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UK Looks to US to Adopt More Crypto-Friendly Approach

UK Looks to US to Adopt More Crypto-Friendly Approach

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…
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BitcoinEthereumNews2025/09/18 02:21