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Aaron M. Lane, Senior Lecturer in Law, RMIT University

New rules for crypto assets will protect consumers and innovators

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If you spend any time among the cryptocurrency community you’ll come across the mantra “HODL”. Originally a typo for “hold” on a Bitcoin forum, it has become all-purpose advice to anyone looking at the day’s price fluctuations and thinking of selling their assets.

To HODL is to trust the process and keep your eyes on the long term. In Australia, we are mid-way through a process of creating rules for crypto assets that will provide some certainty for this growing industry.

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