The Australian Treasury will token map the Australian crypto market ths yr:
- It will search to uncover the traits of all digital asset tokens accessible in Australia. That will embrace the kind of crypto asset, their underlying code and every other defining technological options.
- The mapping will likely be used to find out which crypto belongings are already topic to monetary providers legislation and non-financial merchandise that will require their very own particular laws.
Australian Treasurer Chalmers:
- “The intention will likely be to determine notable gaps within the regulatory framework, progress work on a licensing framework, assessment progressive organisational constructions, have a look at custody obligations for third-party custodians of crypto belongings and supply further shopper safeguards.”
Meanwhile, Bitcoin replace: