Australian senator drafts bill aimed at stablecoin, digital yuan regulation
Senator Andrew Bragg on Monday released a draft bill aimed at regulating crypto exchanges, stablecoins, and the digital yuan.
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Commonwealth Bank’s plans to expand crypto services to 6.5M delayed by red tape
One of Australia’s biggest banks is still wading through a sea of red tape spun by local financial regulators before launching its crypto products to all of its retail users.
Australian Senator proposes landmark Digital Services Act
The new legislative package will address issues in crypto custody, taxation, and DAO operations in order to protect consumers against bad actors in the space.
Australian government gives nod to 6 world leading crypto reforms
“What is clear is that if we embrace these developments, Australia has an enormous opportunity to capitalize on the convergence between finance and technology,” Treasurer Josh Frydenberg said.
Proposed tightening of Australian crypto regulations could stifle competition: Kraken
Kraken Australia’s Managing Director is concerned that a proposed new licensing regime for crypto exchanges could collapse the vibrancy of the industry down under.
Reserve Bank warns Aussies over punting on ‘fad driven’ cryptocurrencies
The Reserve Bank of Australia has warned local investors that the speculative frenzy on crypto could soon dry up if policymakers and regulators step in.
Afterpay ‘absolutely’ keen to explore crypto services after regulations clarified
Afterpay spoke as part of the Senate inquiry into “Australia as a Technology and Financial Center” and Lee Hatton said there would be enough consumer demand to offer crypto services.
Australian crypto businesses tell Senate inquiry about being de-banked up to 91 times
Speaking on a panel as part of the senate inquiry into “Australia as a Technology and Financial Centre” three crypto firms outlined their de-banking experience in Australia.