Australia Senate Panel Backs Crypto Framework in Latest Regulatory Push

Australia Senate Panel Backs Crypto Framework in Latest Regulatory Push

The proposal would bring crypto platforms and custodians under Australia’s financial-services law, requiring operators that hold client tokens to obtain licences and meet new asset-safeguarding standards.

In brief
  • The country's Senate Economics committee has recommended the bill proceed, saying it would modernize digital-asset oversight and close gaps in consumer protection.
  • The frame… [+3203 chars]

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