<ul><li>Australia's regulatory body, ASIC, plans to require cryptocurrency firms to obtain financial services licenses.</li><li>The move aims to enhance consumer safety and combat fraudulent activities in the crypto sector.</li><li>Bitcoin and Ether are considered financial products, requiring licenses for crypto-asset entities to operate legally.</li><li>The new licensing framework is expected to protect investors and promote responsible growth in the crypto industry.</li></ul>

Australia Sets New Rules: Crypto Firms Must Obtain Financial Licenses

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