Government regulation of cryptocurrency “absolutely needed” in Australia

Government regulation of cryptocurrency “absolutely needed” in Australia

Last week it was reported that digital currency exchanges in Australia could soon be regulated for the first time, which the cryptocurrency industry says would be a welcome step forward. In a move set to strengthen Australia’s anti-money laundering laws, it has been rumoured the Australian Transaction Reports and Analysis Centre (AUSTRAC) may be given powers to police digital currency exchanges where people buy and sell Bitcoin, Ethereum and a range of other cryptocurrencies. According to EY’s latest FinTech Australia Census , these exchanges currently make up 4% of the Australian fintech landscape. With all the hype and continued […]