Australia Enacts New Crypto Exchange Regulations, Boosting Market Flexibility

Australia has introduced a new regulatory bill for crypto exchanges, aiming to unlock significant economic benefits while enhancing consumer protection. This landmark legislation, expected to generate $24 billion in annual productivity gains, will create a framework for licensed operators seeking compliance with stringent standards set by the Australian Securities and Investments Commission (ASIC). The bill will also exempt smaller companies from full licensing under specific conditions, ensuring market access and protecting client interests.