Australia to Use 'Token Mapping' as Framework for Crypto Regulation

Australia has come up with a plan to frame regulation and protect investors in the face of an avalanche of advertising. The plan is to "token map" all cryptocurrencies to uncover the characteristics of all digital asset tokens in Australia including charting the type of crypto asset, its underlying code, and any other defining technological feature. The move has been announced by Treasurer Jim Chalmers as a global first.