AUSTRALIA TO REQUIRE CRYPTO FIRMS TO HOLD FINANCIAL SERVICES LICENSES

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Australian Securities and Investments Commission commissioner Alan Kirkland said at an AFR Digital Assets Summit that many crypto-asset firms in Australia will need to be licensed., The Australian Securities and Investments Commission (ASIC) has announced new legislation requiring cryptocurrency exchanges to obtain financial services, Australian regulators are reportedly preparing new legislation to require cryptocurrency exchanges to obtain financial services licenses. Licensing requirements for crypto exchanges in Australia are, Australia to require crypto firms to hold financial services licenses cointelegraph.com 23 m cointelegraph.com, The federal government will require crypto exchanges to hold a financial services licence, Australia plans to introduce new rules requiring crypto firms to get a financial services license under the Corporations Act. There s been a significant increase in crypto activities in the country., TradingView India. Australian regulators are reportedly preparing a new guidance to require cryptocurrency exchanges to obtain financial services licenses.Licensing requirements for crypto exchanges in Australia are set to be extended beyond those related to digital currency exchanges, would be required under the new guidelines to get one of these licenses. Crypto businesses may be left high and dry by ASIC s proposed guidelines, Related: Australia to require crypto firms to hold financial services licenses. ASIC has invited feedback on the proposed updates until Feb. 28, Foreign Financial Services Providers: Since 2025 a large number of Foreign Financial Services providers have been able to operate within Australia subject to relief provided by ASIC. This relief has been withdrawn and these Foreign Financial Services providers now need to apply for a foreign AFS Licence by. , issued by the corporate regulator, the Albanese government is preparing new legislation to require crypto exchanges to hold financial services licences, Australian regulators are reportedly preparing new legislation to require cryptocurrency exchanges to obtain financial services licenses. Licensing requirements for crypto exchanges in Australia are set to be extended beyond those related to digital currency exchanges, Crypto exchanges and firms dealing with digital assets in Australia will no longer be able to avoid costly licensing under new proposed guidance from the country s corporate regulator. On Dec. 4, See full list on asic.gov.au, ensuring that both investors and companies follow laid down rules., The Australian Financial Review, ASIC s message is that a significant number of crypto asset firms in the Australian market are likely to need a license under the current law, Crypto exchanges in Australia will soon be required to hold a financial-services license issued by the markets regulator as the country seeks to support the growth of digital assets while, enabling closer scrutiny of the rapidly evolving digital asset market. Here s everything you need to know. Regulatory Concerns Highlighted, 2025. We want to promote the growth of responsible financial innovation while ensuring consumer protection, OpenSea Faces Class-Action Lawsuit Over Alleged Unregistered Securities Sales, is updating its guidelines to ensure all crypto-related products must secure a financial services license before operating. The move follows several failed lawsuits from ASIC against yield-generating products BlockEarn and Finder Wallet., Separately, Kirkland noted., according to those who are worried about a possible outflow of crypto enterprises from Australia. The larger companies will naturally have, Australia will require all crypto biz to hold financial services licenses by November 2025 Australian Financial Review (AFR) has reported.This regulation aims to beef up transparency and security in the crypto market, the commissioner stated. This is because we think many widely traded crypto assets are a financial product, The Australian Financial Review (AFR) reported., ASIC Commissioner Alan Kirkland said in a statement., Australia s financial watchdog, and to set down rules for custody of digital assets, but smaller businesses and non-financial firms will be exempt. The approach follows international models like the EU s MiCA and Singapore s Payment Services Act., ASIC, Australian regulators are reportedly preparing new guidance that will require cryptocurrency exchanges to obtain financial services licenses. This move aims to extend licensing requirements beyond the current regulations governing digital currency exchanges, Many additional crypto businesses, including exchanges, the Australian Securities and Investments Commission has asked the crypto industry to acquire licenses under corporations law., Crypto exchanges and firms dealing with digital assets in Australia would no longer be able to avoid costly licensing under proposed guidance from the country s corporate regulator. On Dec. 4, The proposal released Monday suggests all crypto exchanges that hold more than AUD 1, Licensing criteria for cryptocurrency exchanges in Australia will go beyond those for digital currency exchanges. Australian officials are apparently draughting new guidelines for bitcoin exchanges to get financial services licenses. The Australian Financial Review (AFR) claimed that licensing criteria for cryptocurrency exchanges in Australia will be expanded beyond those for digital currency, according to a report by The Australian, Australia is introducing new regulations for digital assets to improve market integrity. Major crypto platforms must obtain a financial services license, to reduce, Australia to require crypto firms to hold financial services licenses Licensing requirements for crypto exchanges in Australia will be extended beyond those related to digital currency exchanges, Australia is set to introduce new regulations requiring the crypto industry to obtain financial services licenses under the Corporations Act. On Monday, under a new regime bolstered with specific obligations to reduce risks, Australia has mandated that cryptocurrency firms operating within its borders must secure a financial service license. According to a Financial Review report published on, Australian regulators are gearing up to introduce new regulations for cryptocurrency exchanges in the region. Under these upcoming rules, all such firms will be required to secure financial services licenses, 500 (946) of any one client or more than AUD 5 million (3.15 million) in total assets would require an, Licensing requirements for crypto exchanges in Australia will be extended beyond those related to digital currency exchanges. source: https, Australia to require crypto firms to hold financial services licenses..