Regulators are strengthening their focus on crypto asset providers to make sure they meet their obligations to Australian consumers, the government said in an emailed statement.
- The Australian Securities & Investments Commission is increasing the size of its crypto team and is upping enforcement measures
- The regulator will take legal action where it identifies crypto offerings being marketed without the appropriate credit or financial services license
- ASIC will pay particular attention to ensuring that risks to consumers are appropriately disclosed
- The government will reform the licensing and custody of cryptoassets, particularly for the subset of cryptoassets that currently fall outside ...