Thursday, September 19, 2024

Australian Treasury proposes to regulate crypto exchanges, not tokens By Cointelegraph

[ad_1]



The Australian federal authorities is charging ahead with plans to manage the digital asset sector on the alternate degree, and will quickly require cryptocurrency exchanges to carry a monetary companies 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.

Regulating digital asset platforms proposal. Supply: The Australian Authorities Treasury
Crypto lawyer Aaron Lane stated the trade has been pushing for this strategy. Supply: Twitter