Australia proposes regulatory framework for crypto exchanges and other digital asset platforms
October 25, 2023
On 16 October 2023 the Australian Federal Treasury released its public consultation paper regarding the proposed regulatory regime for digital asset platforms. The proposed framework highlights the Australian Government’s intention to ensure consistent oversight and safeguards for consumers by regulating digital asset platforms and other intermediaries within the existing Australian Financial Services Licence (AFSL) regime and introducing a new type of financial product called a ‘digital asset facility’. The announcement can be found here.