The Albanese government aims to define what digital assets should be subject to financial services laws and how to safeguard consumers.
Australia plans to establish a framework for licensing and regulating crypto service providers in 2023.
The Australian government plans to establish a framework for licensing and regulating crypto service providers in 2023. "The next steps in the Government’s ongoing ‘token mapping’ work will include the release of a consultation paper in early 2023 to inform what digital assets should be regulated by financial services laws, and the development of appropriate custody and licensing settings to safeguard consumers," a joint media releaseThough the Albanese government is taking action in regard to the regulation of crypto service providers in Australia, actual legislation won't come before the...
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