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Draft legislation gets Australia a step closer to crypto regulation
The Australian government has taken a significant step forward in its long-awaited regulation of cryptocurrency and other digital assets. It will finally unveil draft legislation that will require crypto platforms and custody providers to meet strict financial standards. As first reported by Capital Brief, Assistant Treasurer Daniel Mulino will present the proposed laws at the Digital Economy Council of Australia’s regulatory summit on Thursday. The plan would bring digital asset and tokenised custody platforms under the Corporations Act, placing them within the remit of ASIC. Companies would need to obtain an ... (full story)
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