Australia to Launch Crypto Licensing Regime to ‘Modernize’ Fin | .

Australia to Launch Crypto Licensing Regime to ‘Modernize’ Financial System

Australia will introduce a new framework for regulating crypto firms next year as part of wider plans to modernize the country’s financial system. “including the advent of new digital products and services.”.

The move represents the next steps for the relatively new Government, which came to power in May under Prime Minister Anthony Albanese. The Government also outlined plans on Wednesday to update the country’s payments systems, strengthen its financial market infrastructure, and regulate Buy Now, Pay Later products like Afterpay.

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