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Crypto is just finance with new plumbing: Australia’s ASIC fintech chief
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Why This Matters
The Australian Securities and Investments Commission's (ASIC) fintech chief, Rhys Bollen, believes that new regulatory frameworks are not necessary for blockchain technology, drawing a comparison to the shift from paper to electronic records in finance. This perspective suggests a more lenient approach to cryptocurrency regulation. The statement may positively impact the crypto market by reducing uncertainty and potential regulatory hurdles.
Market Impact
Market impact analysis based on bullish sentiment with 85% confidence.
Sentiment
Bullish
AI Confidence
85%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
New regulatory frameworks weren’t needed when financial infrastructure shifted from paper to electronic records, so it isn't needed for blockchain either, argues ASIC’s Rhys Bollen.
Original article published by
CoinTelegraph
on March 11, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.