Australia’s financial regulator, the Australian Securities and Investment Commission (ASIC), has announced that it will increase control over the cryptocurrency markets and take additional measures to limit risks from cryptocurrencies.
Australian financial regulator ASIC August 23 In its 4-year plan published on its official website on to reduce announced that it will take some measures to The first measures announced by ASIC are on the cryptocurrency markets. increase the controls and investors about the risks of the cryptocurrency market awareness raising was to engage in activities.
In the report, the latest cryptocurrency market in Australia in 2 years growing rapidly and with the increasing popularity of cryptocurrencies among people, as well as scams indicated an increase. For this reason, ASIC 4 years in the cryptocurrency markets per their goals regarding cryptocurrencies in the plan. fraud prevention activities announced that he had.
On the other hand, the complex functioning and content of cryptocurrencies to high risks Noting that, ASIC also stated that it will carry out activities to raise awareness of investors about the risks of cryptocurrencies.
Stating that he sees blockchain technology as the key to the future, the regulator said, Blockchain technology and investing in cryptocurrencies are not the same thing. He also stated that people should not act with this logic.