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Ep.11 Let’s talk about the proposed Digital Assets Bill 2022

The episode 11 of the Blockstars Web3 Weekly Podcast is called “Let’s Discuss the Proposed Digital Assets Bill 2022”. The hosts discuss the details of the new legislative proposal that affects digital assets. They are accompanied by Liam Hennessy, a specialist in Financial Services regulatory law, who provides a detailed explanation on consequences of the bill for the blockchain and cryptocurrency
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Welcome to Web3 Weekly by Blockstars, hosted by the Blockstars team

We will be talking about everything Web3 and Blockchain. Apart from the weekly Podcast, we will also use this platform to include keynote speeches our team presents. We will keep this light and fun, and easy to listen to. We will dive deep into the technology from time to time, but our goal is to educate and bring all of you on the Web3 journey with us.

We will talk about popular technologies such as Blockchain, Development, NFTs and Crypto, and please be advised whatever is spoken about here is not financial advice.

Summary

Welcome to Web3 Weekly by Blockstars: “The Digital Assets Bill 2022” Let’s Talk about It.

Liam Hennessy is introduced in the starting of the episode with a friendly welcome, as he brings his wide knowledge in financial services and regulatory law to the talk. Hennessy has played a crucial role in leading various sectors of the financial services industry including the booming crypto industry through regulatory terrains.

The shifts to the Proposed Digital Assets Bill 2022 that seeks to create a licensing regime for digital asset exchanges, custodians, and stable coin issuers. Hennessy outlines the structure of the bill, emphasising a balanced approach that promotes innovation and consumer protection, and market integrity.

The discussion also considers the possible effects of the bill on the Australian crypto ecosystem, comparing the situation to global regulatory practices. The bill’s capacity to promote or stifle innovation, the role of community and industry consultation in the development of effective regulation and the wider future of digital assets in Australia are all debated by the hosts and Hennessy.

Key Topics

Overview of the Digital Assets Bill 2022: Comprehension of the bill’s format and its three major divisions.

Expert Analysis with Liam Hennessy: In-depth analysis of the regulatory consequences and the balance between innovation and the protection of the consumers.

Global Regulatory Landscape: Analysis of the proposed Australian bill in the context of international regulatory trends and its impact on the crypto industry.

What regulatory protections currently apply to crypto assets.

What is the crypto asset legislation.

Thought-Provoking Questions

What will be the impact of the Digital Assets Bill 2022 on the Australian digital assets and cryptocurrency market?

What is the right balance to be achieved in the digital asset regulation between promoting innovation and providing market integrity and consumer protection?

What is the level of the efforts of Australia’s regulators compared to the world’s trends in the governance of digital assets and cryptocurrencies?

Are cryptocurrencies regulated in Australia?

Is cryptocurrency regulated by law?

Is crypto about to be regulated?

What is the new law for crypto?

Why cryptocurrency should be regulated?

What are the cons of regulating cryptocurrency?

What is the crypto asset regulation?

What will happen if crypto get regulated?

In sum, Episode 11 of the Blockstars Web3 Weekly Podcast covers all aspects of the Proposed Digital Assets Bill 2022, giving the audience various insights into how lawmaking processes can influence the development of the digital assets sector in Australia. The episode points out the value of well-informed dialogue and industry participation in regulatory processes to develop a regulatory environment that encourages growth and innovation while safeguarding stakeholders.

Blockstars Technology is a blockchain development company with over 70+ people based in Australia Gold Coast

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