Australia bolsters crypto watchdogs in ‘multi-stage’ plan to fight scams
The new measures from the Australian government come as cryptocurrency scams skyrocketed 162% to $221 million in 2022.
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The new measures from the Australian government come as cryptocurrency scams skyrocketed 162% to $221 million in 2022.
The consultation paper will give an insight into how certain crypto assets should be regulated alongside frameworks for company licensing, asset custody and consumer protections under token mapping.
Australias Treasury seeks input on implementing the crypto-asset reporting framework within its domestic tax laws.
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