As in many countries, preparations for crypto money law have started in Australia. Minister of Digital Economy Jane Hume It announced that it will enable Australians to securely invest in crypto assets.
Ukraine has recently approved the Virtual Assets Act. Announcing that there will be regulation on crypto currency exchange, Australia has started working to be among the countries with crypto money law.
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Australia pressed the button for crypto money law
“The Morrison government wants to make sure that consumers can trust the exchanges they use to buy cryptocurrencies,” Hume said. Australian investors will be able to trade under government assurance if they use a licensed exchange. In order for companies to obtain a license, they must comply with certain conditions.” made statements.
this step quality stamp Hume stated that the government will introduce new regulations for cryptocurrency exchanges. Among the new regulations are clauses such as ensuring that investors always have access to their money.
Hume underlined that the government will contribute to the growth of Australia’s cryptocurrency market. Referring to the issue of transparency, Hume said, “There will be fewer things that can go wrong. Crypto assets may not cause the same damage as financial products. That’s why we’re going to make arrangements from a different perspective than financial products. The role of government is to help build that trust. For this reason, we will be careful about obtaining licenses.” said.
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