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DOMAINS TOKEN-G

Ronald Maguire

21 April 2022 317 Read Crypto

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Australia Improves Crypto Laws

AUSTRAC and APRA aim to improve and simplify Australia's current regulations for the crypto industry. The goal of both regulators is to curb criminal activity and reduce the risk of fraud. APRA is considering a regulation for stablecoins. The new regulations will create financial clarity for the burgeoning digital asset industry.

Australian Transaction Reports and Analysis Center

Australia took a few examples from Singapore, which has good laws regarding digital assets and cryptocurrencies. Australia's laws also have citations from the traditional financial sector. With this law, crypto taxation and digital asset trading licensing will also become clear.

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