Key organisations following right now
Bank for International Settlements (BIS) - CBDC research
The Diem Association - formerly known as Libra
Financial Action Task Force (FATF) - global money laundering and terrorism financing watchdog
Financial Stability Board (FSB) - international body that monitors and makes recommendations about the global financial system
Global Blockchain Convergence - a collection of global professionals dedicated to writing about policy frameworks that facilitate the adoption of blockchain and complementary technologies
International Organisation of Securities Commissions (IOSCO) - recognised as the global standards setter for the securities sector
Organisation for Economic Cooperation and Development (OECD) - forum and knowledge hub for best-practice sharing, and advice on public policies and international standard-setting
Reserve Bank of Australia (RBA) - Australia's central bank
World Economic Forum (WEF) - international organisation for public-private cooperation
Token Classification System, May 2021
Presidio Principles, May 2020
Report, October 2020 - "Progress is being made in updating the Common Reporting Standard for the automatic exchange of information to extend its coverage to crypto assets. The update of the Standard should be completed in 2021."
Formerly known as the Inquiry into Financial Technology and Regulatory Technology
First Issues Paper, October 2019
Interim Report, September 2020
Second Issues Paper, November 2020
Submission (Mills Oakley), December 2020 - includes a digital asset taxonomy
Submission (Digital Law Association), December 2020
Transcript of Senate hearing appearance, February 2021
Second Interim Report, April 2021
Third Issues Paper, May 2021
Submission (Digital Law Association), July 2021
Transcript of Senate hearing appearance, August 2021
Submission (Mills Oakley), August 2021 - includes proposed design of a Safe Harbour and Digital Asset Taskforce
Established in October 2020. Read more about the RegTech Working Group and its members here. Please contact me if you would like to share and discuss your views and experiences.
The RegTech Working Group is undertaking a consultation to understand the diverse views and perspectives regarding the use and adoption of blockchain and distributed ledger technologies to reduce the cost of regulatory and other compliance obligations for businesses.
Report to be released in 2021.
Consultation Paper, December 2019
Submission (Mills Oakley), March 2020 - sets out some additional matters specific to the design and distribution of DeFi products that would benefit from ASIC guidance
Issues Paper, November 2019
Submission (Mills Oakley), February 2020 - focusses on the pros and cons of a general use central bank digital currency for Australia
Consultation Paper, May 2021 - Regulatory treatment of crypto-assets and so called 'stable coins' are considered part of a broader set of issues facing the Australian payments system and will be considered separately and concurrently in the Treasury's Review of the Australian Payments System.
See my proposal about a global micro auto taxing of digital transactions: view 54:57 mark of Day 2, CC6: Tax and Blockchain: From tax administration to transparency and the tax treatment of digital financial assets