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Australia’s regulatory report inspired by Ripple’s ‘technology-agnostic’ principle
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America and Australia: while the former’s Securities and Exchange Commission [SEC] filed a lawsuit against the blockchain company Ripple, the latter country used Ripple’s insights in a government report.
The Australian Senate’s “Select Committee on Australia as a Technology and Financial Centre” report looked at diverse aspects of fintech development in order to provide regulatory recommendations. What’s more, Ripple played a role in the same.
Ripple’s Head of Public Policy, Susan Friedman, took to Twitter to joyfully announce that Australian policymakers had included Ripple’s “technology-agnostic” recommendation in their final report.
To be specific, the report stated,
“The regulatory framework should be technology-agnostic, and should not
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