Australia will regulate cryptocurrency exchanges and platforms to reduce risk and protect consumers by raising operating standards and increasing oversight, Treasurer Jim Chalmers said on Monday.
A new regulatory framework will be introduced that will cover entities that provide and hold digital assets in accordance with the crypto regulation of the European Union, the United Kingdom, Canada and Singapore, a Treasury. proposal document saying.
- Crypto exchanges or digital asset platforms holding more than A$1,500 ($950) per individual or A$5 million in total would be regulated under Australia's financial services laws, and operators would need to obtain a license. financial services of Australia, the document...
