Australia Moves Toward Stronger Crypto Regulation with Bank-Grade Standards

TLDR

  • Australia proposes stricter crypto rules, requiring licenses and stronger oversight.
  • New Australian crypto regulations will enforce licensing, transparency, and penalties.
  • Crypto platforms in Australia face new rules, including licenses and consumer protection.
  • Australia tightens crypto laws with mandatory licenses, stronger oversight, and penalties.
  • Australia’s crypto regulations aim for security with licensing and consumer protections.

Australia is introducing new regulatory measures aimed at establishing stronger oversight for cryptocurrency platforms. The government has released an exposure draft to amend the Corporations Act, bringing crypto exchanges and custodians under a stricter legal framework. The draft…

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