Coinbase Asia Pacific General Manager: If Australia's cryptocurrency regulation becomes clearer, more unicorn companies will emerge

John O'Loghlen, managing director of Coinbase Asia Pacific, said Australia is ready for the next wave of cryptocurrency "unicorns" (startups valued at $1 billion), but only if there is more regulatory clarity in the cryptocurrency space. Australian policymakers and TradFi companies have not yet realized the level of innovation in the country's crypto industry. O'Loghlen said: "It is very important that we have clarity in legislation around digital assets so that the industry can get appropriate funding and provide certainty to the venture capital community and other investors so that we can continue to build the next Illuvium or Immutable." (Cointelegraph)