Australia Releases Token Mapping Consultation Paper, Plans to Reveal Crypto Rule Framework in 2023
The move was announced in August by Prime Minister Anthony Albanese's new government .
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Feb 3, 2023 at 6:49 a.m. UTC
Feb 3, 2023
Token Governance is a critical aspect of the cryptocurrency ecosystem and DAOs (decentralized autonomous organizations). It refers to the system of rules and procedures that dictate how a cryptocurrency token operates within a blockchain network. This includes decisions on protocol upgrades, token distribution, and other operational aspects. Token holders often have voting rights, enabling a decentralized and democratic decision-making process. Key players in token governance include individual token holders, crypto companies, blockchain networks, and crypto exchanges.