Australia Urged to Expedite Tokenization Amidst Global Shifts; Bitcoin Sees Major Investment
Australia Urged to Expedite Tokenization Amidst Global Shifts; Bitcoin Sees Major Investment
The chair of the Australian Securities and Investments Commission (ASIC) has issued a stark warning, emphasizing Australia's urgent need to accelerate its adoption of tokenization to avoid falling behind global markets. This call to action comes as Metaplanet recently announced a substantial $100 million investment in Bitcoin, highlighting ongoing institutional engagement in the crypto space.
Australia must move faster on tokenization or risk losing business to overseas markets, the chair of the Australian Securities and Investments Commission has warned. According to a speech delivered on November 5, ASIC Chair Joe Longo urged regulators, firms, and investors to act on this critical development.
In related news, Metaplanet recently made headlines by utilizing Bitcoin to acquire an additional $100 million worth of Bitcoin, signaling continued confidence and investment in the leading cryptocurrency.