<ul><li>Australia plans to introduce new rules requiring crypto firms to get a financial services license under the Corporations Act.</li><li>The Australian Securities and Investments Commission (ASIC) will require crypto exchanges to obtain financial services licenses to operate in Australia.</li><li>ASIC intends to provide clarity on how certain cryptocurrencies should be treated and will update the Corporations Act's Information Sheet 225.</li><li>ASIC's move aims to protect consumers, boost market integrity, and mitigate risks associated with cryptocurrency investment.</li></ul>

Australia to Mandate Financial Services Licenses for Crypto Firms

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