Australia to require crypto firms to hold financial services licenses – Cointelegraph

Australia will soon require cryptocurrency firms to obtain financial services licenses. This new regulation aims to bring more oversight and transparency to the crypto industry in the country. By holding these licenses, firms will have to adhere to certain standards and regulations to ensure the protection of consumers and the integrity of the financial system. This move is part of Australia’s efforts to keep up with the rapidly evolving landscape of digital assets and ensure that all players in the industry operate responsibly.