Australia Lays Down the Law for Crypto with New Licensing Framework

The rules of the game are changing for crypto in Australia.

The government has unveiled a bill that will require all crypto exchanges and custodians to play by the same rules as traditional financial players by obtaining an operating license.

Hailed as the “cornerstone” of the national crypto strategy, the proposed law has been met with a thumbs-up from the industry, albeit with a request for the fine print to be clarified and simplified.