ASIC and Singapore Collaborate on Fintech and Bitcoin Regulation

It is worth noting how Christine Lagarde, the managing director of the IMF, personally invited Mr. Medcraft. Both parties met up earlier this year as the World Economic Forum in Davos, where the future of Fintech was discussed at length.
Bitcoin and Fintech are two areas where regulation will play a major role in the coming years. The Australian Securities and Investments Commission has reached out to the Monetary Authority of Singapore to make sure regulatory measures do not hinder the growth for Fintech and Bitcoin.
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Regulation is Important to Bitcoin and Fintech Companies
Like most other countries in the world, Australia wants to foster financial innovation, as well as give homegrown startups a fighting chance for success abroad. With the Fintech and Bitcoin sectors both driving innovation to a new level, it only makes sense financial regulators are playing close attention to the proceedings in these industries.

This post was published at NewsBTC