Financial services companies are, by their very nature, adaptive and forward-thinking, frequently outpacing the regulators and the laws designed to safeguard consumers. From cryptocurrency platforms to digital payment facilities and novel lending products, Australian innovators consistently push beyond the boundaries of existing statutory frameworks. That entrepreneurial spirit is to be encouraged, but it must be matched by an equal commitment to understanding how those innovations sit within the current law.
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Authors: |
McKenzie Moore, Deputy Managing Partner (mmoore@piperalderman.com.au) |