‘Robust and appropriate’ regulation needed following influx of crypto investors

Dr Angel Zhong, a senior lecturer in finance in the school of economics, finance and marketing at RMIT University, told InvestorDaily that the survey was indicative of the rapid rise in crypto ownership that has taken place in Australia. “The large influx of inexperienced investors and ongoing regulatory uncertainty highlights the importance of having a robust and appropriate regulatory environment for crypto and digital currency in Australia,” she said. “This is critical to protect the financial wellbeing of Australian retail investors, in particular the young and novice group. Young investors are also heavy users of social media platforms to source investment information.”

The rest of this article can be found at investordaily.com.au.