Australian cryptocurrency exchanges could receive a licensing regime under a new bill introduced to the Parliament on Wednesday by Coalition Senator Andrew Bragg.
Australian cryptocurrency exchanges could receive a licensing regime under a new bill introduced to the parliament by opposition Senator Andrew Bragg on Wednesday, following a week in which US regulators launched legal action against the world’s two largest crypto exchanges, Binance andRegulation has emerged as the key focus for the controversial crypto industry, which is currently enduring a bear market with digital asset prices depressed across the board and regulatory uncertainty keeping...
The lawsuit against Binance came just days after the US Securities and Exchange Commission sent Nasdaq-listed Coinbase a notice outlining itsagainst the exchange for potentially violating securities laws through its “staking” products. While all eyes are on the US, Senator Bragg said Australia’s crypto regulation has stalled and the government’s “token mapping” consultation program, which will outline the utility and application for various digital assets, is too slow.
The Digital Assets Bill 2023 aims to install three licensing permits around exchanges, custody and whether they can issue stablecoins, a kind of digital asset backed fully by other assets like the Australian dollar.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australian War Memorial funding dwarfed that of other cultural institutions in Coalition’s final yearsMemorial given more than $600m in last two years of Morrison government, as the nation’s peak collecting museums languished
Read more »
Speaker calls out ‘disgusting’ behaviour by Coalition MPs that left parliament worker hurtPoliticians apologise for pushing past attendant to avoid a vote as she tried to lock a door
Read more »
Several Coalition MPs apologise after 'very serious and grave incident'Seven Coalition MPs have been forced to apologise after a House of Representatives attendant was injured trying to close a door.
Read more »
Coalition’s paid parental leave neglect was ‘wasted time’Minister for Social Services Amanda Rishworth says Labor’s “significant” investment in paid parental leave helps make up for nine years of “wasted time” by the Coalition. “As a result of the nine years of Coalition government neglect, Australia’s paid parental leave scheme lagged behind the rest of the OECD,” Ms Rishworth said during Question Time.
Read more »
Seven Coalition MPs apologise for 'disrespectful' behaviour that injured parliamentary workerSeven federal Coalition MPs have been forced to apologise after pushing out of the House of Representatives and injuring a parliamentary attendant yesterday. 9News
Read more »
Coalition has a ‘goldfish’ memory when it comes to TikTok: Peter KhalilLabor MP Peter Khalil says the fact that the coalition government is going out and complaining that the government isn’t moving fast enough on banning TikTok is “outrageous”. His comments come as Shadow Home Affairs Minister Karen Andrews said on Sky News Australia on Thursday morning it was 'appalling' the social media app TikTok hadn't been banned yet on the phones of government personnel. “TikTok is not a new app it has been around since 2016 the issues and concerns have been around since the very beginning when it was launched,” he told Sky News Australia. The coalition “did absolutely nothing” about TikTok when they were in government Mr Khalil said. “We (Labor) have moved as quickly as possible to access the issues. “I just think it outrageous that the opposition seemingly have a goldfish type memory. “That for seven years they did nothing on TikTok or digital platforms”.
Read more »