In 2023, Australia intends to set up an infrastructure for licensing and policing cryptocurrency service providers. The Australian government wants to specify which digital assets should fall under financial services legislation and what regulations are necessary to protect customers. Australia Plans to Regulate Crypto Service Providers According to a joint press release, the government’s continuing token mapping work will continue with the rollout of a consultation document in initial 2023. The release is to determine which digital assets should be covered by financial services legislation and the creation of suitable custody and licensing frameworks to protect consumers. Despite the fact The post Australia Prepares to Regulate Cryptocurrency Service Providers in 2023 appeared first on Cryptoknowmics-Crypto News and Media Platform .
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