Australia’s new ‘crypto’ rules set industry standards on VASPs
Australia wants to impose stricter financial industry standards on exchanges and other virtual asset service providers (VASPs) under its proposed new framework for the digital asset sector.
In a recent document, the Labour government laid out proposals for the policing of the industry, molded after the European Union’s and Singapore’s approaches. The ‘Statement on Developing an Innovative Australian Digital Asset Industry’ seeks to “identify opportunities and manage risks,…
