Crypto exchanges in Australia will quickly be required to carry a financial-services license issued by the markets regulator because the nation seeks to assist the expansion of digital belongings whereas defending customers.
A authorities proposal that builds on present legal guidelines will imply digital-asset platforms that maintain greater than A$5 million ($3.2 million), or A$1,500 for an individual, should get a allow from the Australian Securities and Investments Commission or ASIC, in accordance with a Treasury division doc Monday.