Australian Treasury proposes to manage crypto exchanges, not tokens

The Australian federal authorities is charging ahead with plans to manage the digital asset sector on the alternate degree, and should quickly require cryptocurrency exchanges to carry a monetary providers license issued by the native monetary regulator.

Within the newly-unveiled “Regulating digital asset platforms” session paper, launched on Oct. 16, the Australian Treasury stated that the brand new regulatory framework goals to deal with shopper harms whereas nonetheless supporting innovation within the digital asset sector.

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