Australia's 'tech agnostic' crypto mapping: a gateway to innovation or a regulatory minefield?

1. Given that the Australian Treasury’s token mapping aims to be "tech agnostic" and "principles-based," how will this approach affect the way different types of tokens, particularly those that change their function and utility over time, are regulated? Could this lead to regulatory ambiguity or loopholes that could be exploited by malicious actors​?

2. The Australian Treasury's token mapping is seen as essential for understanding how the crypto ecosystem interacts with Australia's existing financial regulatory frameworks​​. How might this interaction evolve as the crypto ecosystem continues to grow and innovate, and what potential challenges could arise in harmonizing these two disparate systems?

3. Considering that Australia's crypto framework aims to be closer to the European Union’s Markets in Crypto Assets [MiCA] regulation rather than the approach taken by the United States Securities Exchange Commission [SEC]​​, what potential implications could this have for international digital asset firms looking to operate in Australia? How might this difference in regulatory approach influence the global crypto market and the decisions of international companies​?