Australian senator drafts bill for crypto regulation- Details inside

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Australian senator Andrew Bragg has drafted a bill aimed at better regulation of cryptocurrency and other virtual assets in the country. Titled the Digital Assets (Market Regulation) Bill 2022, the bill provides for a licensing system for digital asset exchanges, and stablecoin issuers. Bragg said that Australia must keep pace with the global race for […]

a bill aimed at better regulation of cryptocurrency and other virtual assets in the country.

A digital asset exchange or a digital asset custody service must hold a license issued by the Minister or a recognized foreign exchange license to operate in Australia. It must be noted here that e-Yuan is the first CBDC issued by a major national economy. E-Yuan was introduced by the

 

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