The Anthony Norman Albanese-led government wants to subject crypto asset service providers to what it calls 'a set of obligations and operational standards.' consumerprotection regulation
Australian Government Says It Is Working to Ensure 'Regulation of Crypto Assets Protects Consumers'
To achieve these goals, the Aussie government said it plans to “reform the licensing and custody of crypto assets.” Special emphasis will be given to a subset of cryptocurrencies “that currently fall outside the financial services regulatory framework,” the government said.issued on Feb. 3, the Anthony Norman Albanese-led government said it also intends to subject crypto asset service providers to what it calls “a set of obligations and operational standards.
A consultation paper released today explores in detail which elements of the crypto ecosystem are sufficiently regulated and which require additional attention. This will enable the Government and stakeholders to focus on regulatory gaps and ensure that emerging risks are identified and controlled.
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