In Australia, the cryptocurrency law may be passed next year, according to Senator Bragg!

Australian senator announced Andrew Bragg, that the country’s parliament could pass new legislation for the cryptocurrency sector and blockchain within one year 2022Australia's Senate Select Committee continues as a center for financial and technology regulation, operating under the chairmanship of Bragg Himself, to regulate the sector.

has said Bragg In his speech to the participants in the event NFT Fest Supported by Blockchain Australia :

“I want all of us to recommend drastic changes to the policy that will be enacted over the course of the 12 next month.

We cannot continue the cycle of reports, committees, task forces and inquiries, which often catch up with government work in new and emerging areas.”

The senator revealed that while he could not initially say what the committees' report would recommend to lawmakers, it was already clear from the investigation and research that Australia "need to A robust policy framework for digital assets, guided by three objectives: consumer protection, investor promotion, and market competition.”.

Bragg: “There is a strong incentive to find a new system.” Which is supposed to be included in the final report in detail, in addition to three preliminary observations, as the Australian parliamentarian added, announcing the launch of the October plan:

“The plan will be guided by some basic principles. These principles are: protecting consumers, providing a competitive market on the basis of equal opportunity, and promoting investment in a dynamic economy.”

has warned Bragg Legislators, than that 'You shouldn't try to reinvent the wheel', as from “Destroy the new advantages and competition that digital assets bring, sometimes against existing financial institutions.”.

He stressed that there must be a balance between bringing digital assets into the regulated world on the one hand, and maintaining its dynamism on the other.

mention that Bragg representative of the state New South Wales Australia's ruling Liberal Party.

In addition to the lead role as chair of the Technology and Finance Committee, he also serves as chair of the Senate Committee on Environmental Legislation and Communications.