LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
Twitter Telegram
LockMeta
Twitter Telegram
Google News
  • Latest News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
LockMeta
Business News

Australia: Efforts under way to ensure crypto asset regulation protects consumers

February 7, 2023
Share Facebook Twitter Telegram WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

The Australian government says it is working to ensure regulation of crypto assets protects consumers and positions the economy to take advantage of new digital products and services. To achieve these goals, the Australian government has stated that it plans to reform the licensing and custody of crypto assets.

The government said it would place particular emphasis on cryptocurrencies that are not currently part of the financial services regulatory framework. The government led by Anthony Norman Albanese said it also intends to hold crypto asset service providers to what it calls a set of obligations and operating standards. The statement added that such standards are designed to protect customers’ digital funds.

Regarding the design of the regulatory and licensing framework, the Australian government said it would begin a public consultation process in mid-2023 to allow for adequate consultation before introducing legislation.

Previous ArticleNBA star Giannis Antetokounmpo NFT sold at Sorare NBA for 113.9 ETH
Next Article US judge rejects FTX founder SBF’s request to modify bail conditions, hearing still scheduled for February 9

Related News

March 19, 2023

Coinspect Security Has Determined Root Cause of Algorand Eco Wallet MyAlgo Hack

March 18, 2023

Binance: Completed the contract swap of STG on blockchains such as Ethereum, Arbitrum One and Polygon

March 16, 2023

BlackRock CEO: Tokenization of Asset Classes Can Improve Efficiency in Capital Markets

March 15, 2023

Australian Treasury holds consultations with Coinbase and others on digital assets and regulation

March 13, 2023

Aztec responded to “shut down Aztec Connect”: mainly for commercial considerations, not related to regulation

March 10, 2023

ParagonCoin, an encryption company backed by American rapper The Game, was deregistered by the SEC

March 9, 2023

FTX Proposes $4M Bonus Plan to Retain Staff

March 8, 2023

Report: Binance’s Spot Market Share Has Increased to 61.8% in February

The Latest
Bitcoin News March 19, 2023
Ex-Coinbase CTO Takes Million-Dollar Bet On Bitcoin Price With Twitter User
Market News March 19, 2023
General Bytes Cryptocurrency ATM Service Hacked, Database and Cryptocurrencies Stolen
Business News March 19, 2023
Coinspect Security Has Determined Root Cause of Algorand Eco Wallet MyAlgo Hack
Metaverse News March 19, 2023
Bandai Namco’s Web3 Metaverse Fund Invests in Game Studio SuperGaming
Bitcoin News March 19, 2023
Former Coinbase CTO: Bitcoin Will Hit $1 Million in 90 Days

LockMeta provides the latest crypto news flash including Bitcoin, Ethereum, Altcoins, NFTs, Metaverse, Business and Policy. Get today's latest crypto news in a minute.

Twitter Telegram
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
  • About Us
  • Contact Us
  • Advertise
  • Terms of Service
  • Privacy Policy
© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.