Shopping Cart

No products in the cart.

Shopping Cart

No products in the cart.

Australia to require crypto firms to hold financial services licenses

Licensing requirements for crypto exchanges in Australia will be extended beyond those related to digital currency exchanges.

Australian regulators are reportedly preparing new legislation to require cryptocurrency exchanges to obtain financial services licenses.

Licensing requirements for crypto exchanges in Australia are set to be extended beyond those related to digital currency exchanges, The Australian Financial Review (AFR) reported.

According to Australian Securities and Investments Commission (ASIC) commissioner Alan Kirkland, the new requirements are necessary because the regulator considers that the Corporations Act captures most major crypto assets like Bitcoin (BTC) and Ether (ETH).

Read more

Licensing requirements for crypto exchanges in Australia will be extended beyond those related to digital currency exchanges.
Australian regulators are reportedly preparing new legislation to require cryptocurrency exchanges to obtain financial services licenses.Licensing requirements for crypto exchanges in Australia are set to be extended beyond those related to digital currency exchanges, The Australian Financial Review (AFR) reported.According to Australian Securities and Investments Commission (ASIC) commissioner Alan Kirkland, the new requirements are necessary because the regulator considers that the Corporations Act captures most major crypto assets like Bitcoin (BTC) and Ether (ETH).Read more  

Report

Harassment or bullying behavior
Contains mature or sensitive content
Contains misleading or false information
Contains abusive or derogatory content
Contains spam, fake content or potential malware

Block Member?

Please confirm you want to block this member.

You will no longer be able to:

  • See blocked member's posts
  • Mention this member in posts
  • Invite this member to groups
  • Message this member
  • Add this member as a connection

Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.

Report

You have already reported this .