Australia’s New Crypto Rules Aim to Spur Investment and Create Jobs

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Positioning itself as a future leader in digital finance, Australia is moving forward with a bill to integrate crypto assets into its mainstream financial system.

Assistant Treasurer Daniel Mulino stated that the legislation is key to attracting investment and creating jobs.

The proposed framework, which requires crypto businesses to be licensed, received broad industry support during its consultation phase, though stakeholders requested further clarity on the specifics.