Joe Longo, chair of the Australian Securities and Investments Commission, or ASIC, spoke at the Australian Financial Review Super and Wealth Summit on Nov 22 at the Fullerton Hotel in Sydney.
The rise of crypto, he said, has been “nothing short of phenomenal, and impossible to ignore.”
As a corporate and markets regulator, Longo admitted to a certain fascination with decentralized autonomous organizations, or DAOs. He said that they present certain challenges for national regulators like ASIC:
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