1/ The Australian government will soon mandate #cryptoexchanges with holdings >$5 million or >$1,500/user to secure a Financial
25 Oct 2023, 18:16
1/ The Australian government will soon mandate #cryptoexchanges with holdings >$5 million or >$1,500/user to secure a Financial Services License from ASIC ( @asicmedia ).
These regulations emphasize transparency, solvency, and strict asset custody. 📜🔍
Same news in other sources
225 Oct 2023, 18:16
3/ 𝐀𝐒𝐈𝐂'𝐬 𝐓𝐚𝐤𝐞 𝐨𝐧 𝐭𝐡𝐞 𝐌𝐚𝐭𝐭𝐞𝐫 🗣️
Chairman Joe Longo expressed that #crypto needs to align with traditional finance standards.
Public feedback on the proposal will be accepted till Dec. 1. Once implemented, exchanges get 12 months to comply.
3/ 𝐀𝐒𝐈𝐂'𝐬 𝐓𝐚𝐤𝐞 𝐨𝐧 𝐭𝐡𝐞 𝐌𝐚𝐭𝐭𝐞𝐫. Chairman Joe Longo expressed that #crypto needs to align with traditional finance standards.
3/ 𝐀𝐒𝐈𝐂'𝐬 𝐓𝐚𝐤𝐞 𝐨𝐧 𝐭𝐡𝐞 𝐌𝐚𝐭𝐭𝐞𝐫 🗣️
Chairman Joe Longo expressed that #crypto needs to align with traditional finance standards.
Public feedback on the proposal will be accepted till Dec. 1. Once implemented, exchanges get 12 months to comply.
25 Oct 2023, 18:16
2/ 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 𝐒𝐡𝐚𝐩𝐞 𝐍𝐞𝐰 𝐌𝐞𝐚𝐬𝐮𝐫𝐞𝐬 🌏
Drawing from #regulatorystandards in Europe, Britain, Canada, and Singapore, Australia aims to introduce standardized contracts, custody software, and token transaction protocols.
2/ 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 𝐒𝐡𝐚𝐩𝐞 𝐍𝐞𝐰 𝐌𝐞𝐚𝐬𝐮𝐫𝐞𝐬.
2/ 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 𝐒𝐡𝐚𝐩𝐞 𝐍𝐞𝐰 𝐌𝐞𝐚𝐬𝐮𝐫𝐞𝐬 🌏
Drawing from #regulatorystandards in Europe, Britain, Canada, and Singapore, Australia aims to introduce standardized contracts, custody software, and token transaction protocols.