Australia Looks To Bring Crypto Under Financial Services Framework With New Draft Legislation

Australia Looks To Bring Crypto Under Financial Services Framework With New Draft Legislation

Digital asset platforms (DAPs) and tokenized custody platforms (TCPs) will fall under the same bracket as other financial intermediaries.

Australia Unveils Crypto Fines in Proposed Rules for Industry

Australia will slap penalties of as much as 10% of annual turnover on digital asset platform operators that breach proposed rules, under long-awaited draft legislation released Thursday.

Crypto exchanges to be required to hold financial services licences

Assistant Treasurer Daniel Mulino said the federal government will release draft laws that will require crypto platforms to hold a financial services licence.

Australia To Exempt Low-Risk Crypto Platforms From Licensing Rules - FinanceFeeds

Government Introduces Draft Digital Asset Law Australia is moving to tighten oversight of the crypto industry, with the Albanese Government releasing draft legislation that would extend existing finance sector laws to digital asset service providers. The law, introduced by Assistant Treasurer Daniel Mulino at a crypto conference on Thursday, is described as “the cornerstone of our digital asset roadmap.” Currently, crypto exchanges need only reg…

Australia plans bank-style rules for crypto — what this means for markets

After high-profile actions against Binance, Australia is advancing a regulatory framework to impose bank-style standards on crypto trading platforms. Australia pushes for bank-grade crypto rules Australia is preparing to extend financial services law to crypto platforms. On Sep. 25 the…

Crypto Regulation in Australia: New Rules for Exchanges and Platforms

Australia’s Treasury proposes new draft legislation to regulate crypto exchanges and services. The draft will place digital asset platforms under existing financial product regulations. ASIC will enforce new licensing rules for crypto exchanges, expanding current regulations. Australia’s Treasury has unveiled draft legislation that would require crypto exchanges and some regulated financial services to obtain Australian financial services licens…