25 Feb '16, 10pm

ASIC Chief: Blockchain Will Have 'Profound Implications' for Regulators

ASIC Chief: Blockchain Will Have 'Profound Implications' for Regulators

The head of Australia’s top securities watchdog said earlier this month that blockchain technology will have "profound implications" for how government officials regulate the marketplace. Greg Medcraft, who has led the Australia Securities and Investments Commission (ASIC) since 2011, was speaking before the Official Monetary and Financial Institutions Forum Roundtable , a discussion forum for public and private finance institutions, at a meeting in London on 15th February. In his speech , Medcraft discussed the impending "digital disruption" in capital markets, with a particular emphasis on blockchain technology. He argued that regulators need to move to better understand these changes and how to respond to them. "Given the speed of change – we need to think about that tool kit now," he said. He spoke about how the potential adoption of the technology in capital markets c...

Full article: http://www.coindesk.com/asic-profound-implications-blockc...

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