May election could open floodgates to institutional crypto: OKX Australia CEO

Kate Cooper, the newly-installed CEO of OKX’s Australian arm, says regulatory clarity is still needed to spur institutional crypto adoption.

Australia’s next federal election, set for mid-May, could be a key inflection point for institutional crypto participation, according to crypto exchange OKX Australia’s newly appointed CEO.

Speaking to Cointelegraph, OKX Australia CEO Kate Cooper said one of her hopes for the upcoming election is the introduction of the crypto legislation that’s already been designed and consulted on for the last two years.

In August 2022, the Australian government announced that it would initiate a series of consultations with industry players, investors and stakeholders to start drafting a regulatory framework for the cryptocurrency sector. 

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