Australia Aims to Regulate Crypto Start-ups with Mandatory Financial Services Licences – Cryptonews

Australia is taking steps to regulate cryptocurrency start-ups by requiring them to obtain financial services licenses. The aim is to ensure that these companies are operating within the legal framework and are providing a safe and secure environment for their customers. This move is part of a larger effort to crack down on potential fraud and money laundering in the crypto industry. By mandating these licenses, Australia hopes to protect investors and promote trust in the growing cryptocurrency market.