Treasurer Jim Chalmers has flagged the release of a consultation paper that will start setting out a framework for regulating crypto assets. Chalmers said in a statement: “As it stands, the crypto sector is largely unregulated and we need to so some work to get the balance right so we can embrace new and innovative technology while safeguarding consumers.” The Treasurer cited an Australian Taxation Office estimate that more than one million taxpayers have held crypto assets since 2018. The first item on the reform agenda will be a report on “token mapping”. Corporate card start-up Cape has hired Ben Lyons as its chief revenue officer. Lyons is moving on from lender Prospa, where he spent the past seven years. Cape was launched in 2020 and aims to be a specialist in providing services that help businesses manage their budgets.