Category: Crypto law Australia

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Australian Treasury proposes to regulate crypto exchanges, not tokens

October 16, 2023

The Australian treasury’s newly-released consultation paper will require to crypto exchanges to apply for financial services licence from the local financial regulator. The Australian federal government is charging forward with plans to regulate the digital asset sector at the exchange level, and may soon require cryptocurrency exchanges to hold a financial services license issued by…
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Australian government gives nod to 6 world leading crypto reforms

December 8, 2021

“What is clear is that if we embrace these developments, Australia has an enormous opportunity to capitalize on the convergence between finance and technology,” Treasurer Josh Frydenberg said. The Australian government is seriously consider the rollout of central bank digital currency (CBDC) and has backed numerous forward-looking regulatory crypto-proposals as part of a new “payments…
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