Ben Rose, General Manager of Binance Australia, is confident that the Australian government will make the right decisions when it comes to digital asset regulations. Despite recent hostility towards crypto, including a search by regulators and banking blocks from the traditional finance sector, Rose is focused on restoring banking ties and returning fiat ramp services to its one million Australian customers.Christian Westerlind Wigstrom from Australian payments provider Monoova believes that instead of just continuing with blanket blocks of funds to crypto exchanges, regulators and banking players should be engaged in more nuanced conversations with crypto industry leaders.Trevor Power from the Australian Treasury said that crypto-specific legislation for Australian crypto firms is on track to be delivered sometime in 2024.Overall, Rose is confident that the Australian government will make the right decisions when it comes to digital asset regulations, and Wigstrom believes that regulators and banking players should be engaged in more nuanced conversations with crypto industry leaders. Power said that crypto-specific legislation for Australian crypto firms is on track to be delivered sometime in 2024.

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Information	Details
Geography	Australia
Countries	🇦🇺
Sentiment	positive
Relevance Score	8
People	Ben Rose, Christian Westerlind Wigstrom, Trevor Power
Companies	Monoova, Westpac, Binance Australia, National Australia Bank (NAB), Cuscal
Currencies	westpac, Australian Dollar, Ethereum, Bitcoin, Bankless DAO
Securities	None