What is Australia’s New Regulatory Framework for Crypto?
Australia is preparing to enter the cryptocurrency regulation space with a proposed framework that demands Australian Financial Services Licenses (AFSL) from crypto platforms. This was announced by Assistant Treasurer Daniel Mulino at the Global Digital Assets Summit. The intention is to weave digital asset services into traditional financial oversight, with the overall aim of promoting legitimacy, ensuring consumer protection, and possibly affecting market structure along with institutional investments.
The proposed regulations seek to clarify licensing requirements for platforms, rather than individual tokens, aiming for a rollout by November. This is anticipated as a pivotal move toward establishing a more regulated environment for…
