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‘Guide to Fintech Regulation in Australia and the Gulf Region’ officially launched

‘Guide to Fintech Regulation in Australia and the Gulf Region’ officially launched

TRIBUNE NEWS NETWORK
DOHA
Australia’s Ambassador to Qatar HE Jonathan Muir, Officially launched the ‘Guide to Fintech Regulation in Australia and the Gulf Region’ yesterday at the Australian Embassy in Qatar.
The Council on Australian and Arab Relations in the Department of Foreign Affairs and Trade proudly funded the Guide, which outlines the regulatory environments applicable to the financial technology (fintech) industry in Australia and the Gulf region.
“The Guide captures the strong interest in the Gulf on what Australia can offer, as GCC countries develop their fintech industries – and the growing interest in Australia in what opportunities exist in the Gulf as we emerge as a global player in fintech.”
“Australia has a competitive edge in Fintech, now ranking sixth in the world in Global Fintech rankings. We have one of the fastest growing fintech sectors in the world, increasing from QAR 600 million in 2015 to QAR 10 billion today – built on our QAR 25 trillion financial services industry.”
“It is my expectation that this guide will mark an important milestone in the collaboration between GCC countries and Australia in fintech,” Ambassador Muir said.
Guide co-author, Professor Niloufer Selvadurai added, “the Guide to Fintech Regulation in Australia and the Gulf Region helps Fintech innovators, investors and clients to better understand the laws governing fintech projects and seeks to strengthen cultural and economic relations between Australia and the Arab world”.
Associate Professor and co-author Dr. Andrew Dahdal highlighted the local benefits to Gulf States arising from the publication of the guide. “Beyond bilateral trade between Gulf States and Australia, the publication of this guide, particularly in both the English and Arabic languages, will also help strengthen cross border activities amongst Gulf States,” Dr Dahdal stated.
Ambassador Muir congratulated the Guide’s authors, Macquarie University Law School’s Professor Niloufer Selvadurai and Qatar University College of Law’s Associate Professor Andrew Dahdal, on their important contribution.

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