Australia to Require Financial Licenses for Cryptocurrency Exchanges Starting November 2024

Posted on the 24 September 2024 by Techloot @tech_loot

From November 2024, cryptocurrency exchanges in Australia will be required to obtain financial services licenses, according to new regulations announced by the Australian Securities and Investments Commission ( ASIC). Alan Kirkland, an ASIC commissioner, revealed details of the initiative at the AFR Crypto and Digital Assets Summit in Sydney, emphasizing the need for stricter oversight of the...

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