ASIC Proposes Strict Licensing Rules for Crypto Firms in Australia

Quick Summary:

According to the proposed guidelines put forth by the Australian corporate regulator, crypto exchanges and businesses dealing with digital assets would no longer be able to escape expensive licensing.

In terms of market sentiment, anything that clarifies regulations is welcome.

The larger companies will naturally have the resources to weather the storm of regulation, legal fees, and compliance costs.

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Article Details

Author / Journalist: Imran

Category: Crypto

Markets: United Arab EmiratesAustralia

Topics: Market News Bitcoin Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 15:31:15 (19 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 247 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24124864

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 37 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

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