Australia Integrates Crypto Platforms Under AFSL Regime: A Step Toward Enhanced Regulation

Australia is taking a significant step towards regulating the cryptocurrency market, by integrating crypto platforms into its financial licensing framework. This move emphasizes consumer protection while promoting greater regulatory transparency in the rapidly evolving digital asset landscape. The Australian government’s proposed amendments to the Corporations Act will subject digital asset platforms under the existing AFSL regime, signaling a proactive approach to address high-profile crypto collapses and mitigate potential risks for investors.