Many believe crypto is ‘not regulated’: ASIC’s law reform and how it affects bitcoin

ASIC Chair Joe Longo says many people believe cryptocurrency is “not regulated” despite ASIC planning on pushing for law reform. Mr Longo joined Sky News Australia to discuss how the reform will affect bitcoin miners. “The key thing here is the people think that crypto is not regulated. “It is regulated, it may not be completely regulated which is why we’ve got law reform coming. “So part of ASIC’s strategy is to test the regulatory perimeter.”