Coinbase: Concerned about continued law enforcement in Australia

Odaily News Cryptocurrency exchange Coinbase (COIN) claims to be concerned about Australias ongoing enforcement regulation, and John OLoghlen, an executive at the cryptocurrency exchange, said this is not helpful for the overall direction of the industry before Australias upcoming draft legislation. With the recent approval of spot ETF products in Australia and the United States, good macro themes and continued growth in consumer adoption, OLoghlen said he wanted to ensure that they would not stir the pot in this gray area before the draft legislation was introduced. The Australian Treasury previously announced that it plans to release draft legislation by the end of 2024, covering licensing and custody rules for crypto asset providers. (coindesk)