Australia's Treasury_AU and the RBAInfo have met global executives from the crypto industry, including from coinbase, to discuss the country's token mapping exercise. By amitoj
Coinbase's vice president of international policy, Tom Duff Gordon, was among those who made a submission around thereleased last month after flying in from London. Token mapping is the process of identifying the key activities and functions of products in the crypto ecosystem and mapping them against existing regulatory frameworks.
The Reserve Bank of Australia , Australia's Treasury and Coinbase didn't immediately respond to CoinDesk's requests for comment. “From a central bank perspective, they’re interested in financial stability and the links between a fiat traditional financial system and the crypto system,” Gordon told The Australian. “The Treasury in Australia is more interested and involved in setting the framework and we believe the RBA will increasingly get more involved as we move forward.”
Gordon, along with Coinbase Asia Pacific managing director John O’Loghlen, are said to have held several meetings with government and policy stakeholders in Australia. Their submission was focused on disclosure to ensure"that when consumers look at financial information, they’re not being misled and that people have the information that they need to make informed decisions," Gordon said.
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