On Monday, March 21, 2022, Australian Minister for Digital Economy Jane Hume 
announced at Blockchain Australia that the Australian government will "let 
Australians invest in crypto assets safely and securely" by establishing a 
market license regime for crypto exchanges.

Details will be released as part of a policy paper on Monday. Senator Andrew 
Hume also proposed the concept of a comprehensive Digital Services Act, which 
would adopt a comprehensive approach to regulating the cryptocurrency industry.

On this subject, Du Jun, co-founder of world-leading cryptocurrency exchange 
Huobi Global, commented the following:

"We are pleased to see the Australian government adopt such a forward-looking 
approach towards regulating the cryptocurrency industry," said Du Jun, 
Co-Founder of Huobi Group. "Australia is the world's thirteenth largest 
economy, making it an attractive market to Huobi. We believe that regulation is 
good for the industry and promotes long-term, healthy growth." 

"Becoming a regulated exchange would give us a badge of legitimacy and also 
enable us to work with more partners, such as banks, payment channels, and 
certain advertising channels," said Du. 

Du Jun co-founded global cryptocurrency exchange Huobi with Leon Li in 2013 and 
served as CMO, raising money from the likes of Zhen Fund and Sequoia Capital 
China. He left the company in 2017, only to return in 2020 to oversee the 
company's overall marketing and branding strategy. 

To follow Du Jun on social media, please visit: https://twitter.com/DujunX.

For more information about Huobi, visit: http://blog.huobi.com

About Huobi Group

As a world-leading company in the blockchain industry, Huobi Group was founded 
in 2013 with a mission to make breakthroughs in core blockchain technology and 
the integration of blockchain technology to other industries. Huobi Group has 
expanded into public blockchains, digital assets trading, wallets, mining 
pools, proprietary investments, incubation, digital asset research, and more. 
Huobi Group has established a global digital economy industry ecosystem by 
investing in over 60 upstream and downstream companies in the blockchain 
industry and has created holistic global digital economy ecology.

For more information, please visit https://blog.huobi.com/.

Source: Huobi Group