Despite receiving several accounts of cryptocurrency scams, the Australian Securities and Investments Commission aims to help the local cryptocurrency industry. The Australian Securities and Investments Commission, or ASIC, has stated its intention to help the crypto industry, citing the difficulties of controlling new technology.

ASIC commissioner Cathie Armour described the regulator’s goals as working to maintain, facilitate, and improve the performance of Australia’s financial system and the firms that operate within it while also ensuring that all investors and consumers have the confidence to participate in the system during a panel discussion at Australian Blockchain Week. The Australian Securities Exchange plans to upgrade its Clearing House Electronic Sub register Scheme with a distributed ledger-based system, according to Armour. She mentioned that they had spent a significant amount of time reviewing the ASX’s…

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