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Aussie Regulatory Body Backs Government’s Plan to Regulate Crypto
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In a bid to develop new regulations for cryptocurrencies and other digital assets, Australia’s regulators - acting through their joint body, the Council of Financial Regulators (CFR) - have released a statement in which they embrace the government’s plan to implement a payments and crypto-asset reform.
“The Council discussed developments with technology and financial regulation, including the payments and crypto-asset reforms announced by the Government on 8 December,” the statement said.
The CFR’s members include:
The CFR said that,
“[It] endorsed the Terms of Reference for the Working Group on the Regulation of the Crypto-Ecosystem, which will help to progress some of the crypto-asset reforms."
Per the statement, a separate working group
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