Australia Moves to Tighten Rules on Crypto Service Providers
Australia proposes stricter crypto rules to boost investor protection, align with global standards, and foster a secure, innovative market.
Australia is preparing to bring its crypto sector under a stricter regulatory framework. The Treasury has released a draft bill that places crypto service providers within the Corporations Act. The step is viewed as a move toward building a more institutionalized market. The draft aims to improve standards of custody, governance, and consumer protection. It also reflects lessons drawn from the collapse of FTX, which had global repercussions.
Digital Asset Bill Aims to Balance Regulation and Growth
The proposal introduces two new legal categories. These are digital asset platforms and tokenized…
