Treasurer
Rushing ‘token mapping’ could hurt Aussie crypto space — Finder founder
Australian crypto entrepreneur and investor Fred Schebesta has described the Australian government’s prioritization of token mapping as “wonderful,” but warns that rushing it could lead to detrimental effects on the economy. Schebesta’s comments come after Australian Treasurer Jim Chalmers released a statement on Aug. 22 stating that the “treasury will prioritize token mapping work” in 2022 to show how “crypto assets and related services should be regulated.” Speaking to Cointelegraph, Schebesta believes Australia already has a “fledgling” crypto industry but needs to “align with the other major markets and their regulations.” Schebesta added that the “intricacies” of token mapping are not clear, and “things are changing as well.” Schebesta is an Austral...
Australia’s new government finally signals its crypto regulation stance
Three months after being elected into power, the Australian Labor Party (ALP) has finally broken its silence on how it’s planning to approach crypto regulation. Treasurer Jim Chalmers announced a “token mapping” exercise, which was one of the 12 recommendations in a senate inquiry report last year on “Australia as a Technology and Financial Center.” The report was warmly welcomed by the industry which has been anxiously waiting to see if the ALP government would embrace it. Aimed at being conducted before the end of the year, the token mapping exercise is expected to help “identify how crypto assets and related services should be regulated” and inform future regulatory decisions. Cointelegraph understands that Treasury will also undertake work on some of the other recommendations in ...
Australia’s competition chief claims victory after Facebook standoff
The architect of Australian media reforms being watched around the world claimed victory on Wednesday, even as critics said concessions to the laws forcing Big Tech to pay for news content have given Facebook and Google a get-out clause. The Australian government made late changes to the laws after Facebook last week blocked news content in Australia, escalating a dispute over the proposed legislation and catching international attention. The amended legislation is expected to pass the Senate this week, despite opposition from some minor opposition parties and independent politicians who argue it disadvantages smaller news companies. Rod Sims, the chairman of the Australian Competition and Consumer Commission (ACCC), told Reuters the bargaining power imbalance he was tasked with correcting...
NBA Ikeja gets new executive
Pool Photo The much awaited election of the Ikeja Branch of the Nigerian Bar Association (NBA) held last week, and a new Executive sworn in. The new team include :- Chairman – Bartholomew Aguegbodo Vice Chairman – Adedoyin Sobiye Secretary – Yemi Abijo Assistant Secretary – Ezekiel Bodunde Treasurer – Basil Owolabi Financial Secretary – Ademilola Adeola Legal Adviser – Tracy Amadigwe Publicity Secretary – Malvin Ibem Welfare Secretary – Adeola Folarin Social Secretary – Adesola Olusoga Provost – Omozusi Omokhafe Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sh...
Sports ministry denies appointing new AFN chief
The Ministry of Youth and Sports Development has denied appointing Mr. People S.Y Pepple as Director-General for the Athletics Federation of Nigeria (AFN), warning the sporting public, MDAs and law enforcement agencies not to do business with him. This was made known in a press statement issued by the Permanent Secretary Youth and Sports Development Mr. Gabriel Aduda, saying such designation does not exist in the 38 National Sporting Federations. The statement reads: “This is to bring to the notice of the sporting public, MDAs and law enforcement agencies the impersonation of the Office of the Secretary General of Athletics Federation of Nigeria (AFN) by one Mr. Pepple S.Y. who claims to be the Director General of the Federation. “Nigeria has 38 National Sporting Federations under the supe...
Ogun PDP gets new executive committee
File Photo The crisis rocking the Peoples Democratic Party (PDP) in Ogun State, deepened on Friday, as the faction loyal to Senator Buruji Kashamu, inaugurated its new state executive members to steer the affairs of the party for the next four years. The oaths of office which was done in batches of 15 persons were administered by a lawyer and notary public, Victor Owokoya and Oluwatoyin Omomehin, respectively. The inauguration, ceremony which took place at the State Party Secretariat in Abeokuta, also saw the new exco members getting cars from the Omo-Ilu Foundation, courtesy Senator Buruji Kashamu. Ogun PDP had been enmeshed in a battle of supremacy between the loyalists of Kashamu and party faithful loyal to a former House of Representatives member, Oladipupo Adebutu. Speaking with newsm...
