The government of Australia is preparing to comprehensively regulate the activities of cryptocurrency exchanges and custodians. The push is part of a major overhaul, aimed at preserving the country’s sovereignty over its payments system, which will also affect providers like Apple and Google.
Payment Laws in Australia to Cover Crypto Business and Big Tech
Authorities in Australia are gearing up to update the nation’s legislation governing payments in the largest reform of the industry in over two decades. The changes will expand the regulatory framework to encompass new payment processors in the online space including those dealing with cryptocurrencies.
In 2022, the government will begin consultations on the establishment of a licensing framework for crypto exchanges and the regulation of platforms holding digital assets on behalf of clients, Reuters reported. Canberra also wants to explore the feasibility of a central bank digital currency (CBDC) issued by the Reserve Bank of A
We współpracy z: https://news.bitcoin.com/australia-to-regulate-crypto-sector-as-part-of-payments-reform/
