A Tale of Two Systems

Robert Waugh | CEO of Ubiquity
Robert Waugh
03 Jul 2024
Published
A Tale of Two Systems | Ubiquitous by Ubiquity

Insights from Australia's Capitol

It was the best of times, it was the worst of times, it was the age of innovation, it was the age of regulation, it was the epoch of digital freedom, it was the epoch of oversight, it was the season of blockchain, it was the season of compliance, it was the spring of cryptocurrency, it was the winter of traditional finance.

And today it was the privilege of standing outside Parliament House with Catena Digital’s Drew Bradford and Delia Burrage, reflecting on Australia's position at the precipice of a digital asset revolution.

The government has a unique opportunity to support both consumer access and industry growth, and to set a global standard for innovative yet responsible digital asset regulation that will protect customers, encourage innovation and ensure our global competitiveness.

By striking the right balance, it can be a far, far better thing that we do, than we have ever done. For in this tale of two systems - the old and the new - we have the opportunity to unlock the full potential of digital assets while maintaining the integrity of our financial system.  

Supported on the Ethereum blockchain network.