As per Cryptonews, Australian Securities and Investments Commission (ASIC) Chair Joe Longo warned that Australia risks losing its competitive edge in the global tokenization race. Speaking at the National Press Club on November 5, Longo emphasized the need for regulatory modernization to keep pace with blockchain-driven innovations. He compared tokenization to past financial milestones and highlighted how global institutions like J.P. Morgan and Nasdaq are advancing tokenized trading. In contrast, Australia’s efforts remain in early stages, with pilot programs like Project Acacia exploring tokenized debt markets. Longo urged swift action to avoid being left behind as other nations, including Switzerland and the U.K., accelerate their tokenization strategies.
ASIC Warns Australia Risks Falling Behind in Global Tokenization Race
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