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Crypto exchanges in Australia will quickly be required to carry a financial-services license issued by the markets regulator because the nation seeks to assist the expansion of digital property whereas defending customers.
A authorities proposal that builds on current legal guidelines will imply digital-asset platforms that maintain greater than A$5 million ($3.2 million), or A$1,500 for a person, should get a allow from the Australian Securities and Investments Commission or ASIC, in response to a Treasury division document Monday.
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