Bitcoin a bit unregulated?

Document Type

Journal Article

Publication Title

Australasian Journal of Applied Finance

Publisher

Financial Services Institute of Australasia (FINSIA)

School

School of Business and Law

RAS ID

30125

Comments

Anthony Das, C., Sadique, M. S., & Prasad, K. (2019). Bitcoin a bit unregulated?. Australasian Journal of Applied Finance, 2019(3), 32-37. https://www.finsia.com/insights/ajaf-home-page

Abstract

This paper reviews and contrasts the regulatory regime governing cryp-tocurrencies in Australia with those of the United States and European Union where the use of crypto-currencies in general and bitcoin in particular, is gaining momentum. This comparative analysis led the authors to conclude that the Australian regula-tory regimes are compara-ble, especially in relation to anti-money laundering activities. The finding cements the argument that it is timely to have a streamlined classification of bitcoin and/or cryp-tocurrencies across the jurisdictions, to provide the necessary guidance for all the stakeholders in the financial system.

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