<ul><li>New Australian regulations require crypto exchanges to hold financial services licenses.</li><li>The Australian Securities and Investments Commission aims to enhance oversight and consumer protection in the digital asset market.</li><li>Many widely traded crypto assets qualify as financial products under existing laws.</li><li>The regulations aim to bring crypto firms in line with regulatory standards and ensure transparency, consumer protection, and anti-money laundering compliance.</li></ul>

Australia Crypto Regulation: New Licenses for Exchanges

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