A Senate Committee Has Found The Regulation Of Cryptocurrency In Australia Is Inadequate.
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Australia Will Create A Licencing Framework For Cryptocurrency Exchanges And Consider Launching A Retail Central Bank Digital Currency As Part Of.
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Tax discounts and a new licensing regime are among the committee's key recommendations. The australian government's stance on the matter has remained largely supportive of creative, new financial services and products based on cryptocurrency transactions. Cryptocurrency has shed half its value since its november highs and there are fears it hasn’t even hit bottom yet.
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The treasury will begin a consultation process on a new exchange licensing framework for the australian crypto sector early next year. Launched in 2007, etoro has become. Commonwealth bank will become australia's first bank to offer customers the ability to buy, sell and hold cryptocurrency assets such as bitcoin.