Coinbase vice president of international policy Tom Duff Gordon, who was reported to have flown in for the meetings, also confirmed that meetings took place with Treasury in Canberra and Sydney.
Gordon said that the meetings touched on the government’s token mapping efforts, and Coinbase also “shared insights on global best practices concerning licensing and custody.” The Australian Treasury's token mapping exercise was announced on Aug. 22, and is aimed at categorizing digital assets in a way to work them into existing regulatory frameworks.
Coinbase co-founder and CEO Brian Armstrong has criticised the US approach to cryptocurrency regulation by repeating the SECs demands for regulation through enforcement and claiming that the SEC wants companies to register with them even if there is no way.
Documents recently obtained by the Australian Financial Review on Freedom of Information laws show that cryptocurrency laws in Australia could continue into 2024 and beyond even if the cabinet does not approve the final recommendation this year.