Reversing de-banking of crypto
For poorly explained reasons, the Australian government is setting out to develop “licensing frameworks for digital asset industry participants and payments providers that will help improve the risk management capability of businesses within the sector.”
“The government recognises that de-banking, which occurs when a bank declines to provide banking services or withdraws banking services from existing customers, is a global challenge” the Treasury said in a five page Statement on Developing an Innovative Australian Digital Asset Industry, released on Friday.
The Statement shows the Labor government is yielding to the lobbying and the…
