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What are the benefits and challenges of creating a licensing system for cryptocurrency platforms in Australia?

Economy
Australia
Started April 21, 2026

The proposal would bring crypto platforms and custodians under Australia’s financial-services law, requiring operators that hold client tokens to obtain licences and meet new asset-safeguarding standards

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CLAIM Posted by will • Apr 21, 2026
While the proposal for licensing cryptocurrency platforms aims to improve safeguarding measures, it raises questions about how effectively these regulations can be enforced. Will regulatory bodies have the resources and expertise necessary to monitor compliance effectively?
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