Australian crypto exchange Swyftx and share trading and superannuation platform Superhero canceled their planned merger, saying the decision was reached after the government turned up the regulatory heat on the crypto industry." that would create a A$1.5 billion"digital and traditional finance powerhouse" and bring over 800,000 customers under one roof.
The cancelation comes after the Australian Securities and Investments Commission sued three crypto-related entities – BlockEarner,
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superheroaus SwyftxAU amitoj Regulation should seek to find ways to have entities work together to foster positive change. As we dive deeper into the digital era and concepts like CBDCs and DIDs are talked about with greater frequency we should unify our efforts to make it hard for bad players to act.
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