(Bloomberg) — Australia’s government under Prime Minister Anthony Albanese said it’s taking steps to improve regulation of cryptocurrency providers.
(Bloomberg) — Australia’s government under Prime Minister Anthony Albanese said it’s taking steps to improve regulation of cryptocurrency providers.
- The government will release a consultation paper early next year to help decide which digital assets will be regulated by laws, according to a statement Wednesday from Treasurer Jim Chalmers and Assistant Treasurer Stephen Jones
- The administration is also looking to build custody and license settings to create a framework that keeps consumers safe
- The government will consult first on this next year before introducing legislation
- Read more: Australia to Map Crypto Tokens as Part of Regulatory Ramp-Up
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