Australia Prepares New Regulations, Crypto Companies Must Have Permits
JAKARTA – Australia is preparing for major changes related to crypto regulations. Recently, the Kangaroo country regulator, namely the Australian Securities and Investment Commission (ASIC) proposed a new policy that requires crypto companies to have certain licenses.
The Australian government aims to address regulatory issues that crypto companies have avoided before. However, this policy has drawn concerns in a number of crypto companies that feel pressured because of the increasing cost of following the country’s new rules.
According to documents released by ASIC, nearly all crypto exchanges and companies dealing with digital assets will be required to obtain a financial license. Among them are…