Blockchain Australia CEO leaves without replacement

Blockchain Australia

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Categories: Cryptocurrency

Blockchain Australia CEO leaves without replacement

Blockchain Australia CEO Steve Wallace has announced via a LinkedIn post that he will step down, leaving the company without an immediate replacement. Wallace will officially depart Blockchain Australia on July 29, after originally announcing that he would step down as Blockchain Australia CEO in a LinkedIn announcement posted three months ago.

In both of his resignation posts, Vallas recognized his board (past and present), making special mention of those who played a significant role during his time at Blockchain Australia. He also shared a few kind words about his company and the mission of the industry. The post of Wallas' initial resignation stated that "the formal search for a new Blockchain Australia CEO [will begin soon]".

However, Blockchain Australia is yet to find a suitable replacement for Vallas, leaving the position vacant upon his exit. Blockchain Australia was not Vallas' sole duty. He remains the Vice Chairman of the National Blockchain Roadmap Steering Committee as well as the Vice President of the ASEAN (Association of Southeast Asian Nations) Blockchain Consortium. He also holds a position on the ASIC Digital Finance Advisory Panel advising on financial and regulatory technology matters.

Blockchain Australia Operations

Blockchain Australia CEO has made several impressive strides towards improving this area over the past two years. In February 2021, the organization delisted the Gold Coast-based cryptocurrency Qoin. The rationale behind this was outlined in the notice of the member disciplinary motion, which stated that Coin was targeting retail traders across Australia.

Subsequently, Blockchain Australia began looking for a "safe harbor" for crypto businesses as regulatory uncertainty ran rampant. The organization petitioned for clarity regarding the regulatory framework for cryptocurrencies in Australia and, along with industry-related partners, recommended a set of rules to the federal government with the hope of addressing these issues.

Blockchain Australia, cryptocurrency, CEO, crypto Business, Blockchain Consortium, ASIC

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