The Australian senator expects the country to clarify cryptocurrency regulations within a year.

On November 4, New South Wales Senator Andrew James Bragg recently acknowledged that Australian crypto enthusiasts need legislation regarding their activities in Australia. In a statement on Tuesday, Bragg noted that the accuracy and timeliness of digital asset management could improve the economy. Bragg, currently chairman of the Senate Special Committee on Australian Technology and Financial Center, said Australia's crypto industry needs to be carefully watched as it enters major adoption. However, the senator also acknowledged that the class inheritance of cryptocurrencies would be seen as a vague and confusing choice, making it difficult to focus on the regulation of cryptocurrencies. . However, Bragg added that he expects Australia to introduce new cryptocurrency regulations in the next 12 months as the market unfolds in a very promising fashion. (crispy potatoes)