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Australia Passes First Crypto Law to Regulate Platforms

Published by
Sohrab Khawas

Australia has introduced its first cryptocurrency law, requiring crypto exchanges and custodians to obtain Australian Financial Services licences (AFSL) and operate under oversight by the Australian Securities and Investments Commission. The law brings digital asset platforms into the country’s established financial services regulatory framework, aligning crypto businesses with traditional finance rules. It also introduces clear regulatory categories and protections for customer funds, aiming to improve consumer safeguards, reduce risks from exchange failures, and strengthen industry trust.

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Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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