Australia warns crypto regulation gaps threaten consumer safety
Australia’s financial watchdog has raised concerns about gaps in cryptocurrency oversight, identifying them as a major worry for the coming months.
The Australian Securities and Investments Commission released a report on Monday. It highlights problems with how fast-moving digital currency, payment, and artificial intelligence companies are being monitored. These businesses are working in areas where rules remain unclear. That’s putting everyday Australians at risk of bad advice and deceptive practices, according to the agency.
New licensing bill targets regulatory gaps
Joe Longo, the head of ASIC, pointed to big changes happening in the nation’s financial sector. Pressure is building on consumers, markets, and companies, he…
