Today news
About the same in other media
13.12 - 17:19
Australia proposes new laws to regulate crypto, BNPL
Reading now: 621
economictimes.indiatimes.comAustralia will create a licencing framework for cryptocurrency exchanges and consider launching a retail central bank digital currency as part of the biggest overhaul of its A$650 billion-a-day ($463 billion) payments industry in a quarter of a century. The country will also broaden its payment laws to cover online transaction providers like Apple Inc and Alphabet Inc's Google as well as buy-now-pay-later (BNPL) providers like Afterpay Ltd, ending their run of operating without direct supervision. «If we do not reform the current framework, it will be Silicon Valley that determines the future of our payment system,» Treasurer Josh Frydenberg said in speech. «Australia must retain its sovereignty over our payment system.»
Presented ByDid
Read more on economictimes.indiatimes.comAbout this in other media
Hard to Regulate Crypto Without Global Consensus, Admits Top IMF Official cryptonews.com /2 years ago
India to regulate crypto, avoids outright ban finextra.com /2 years ago
Allowing cryptocurrency may erode central bank's control over money supply: Former RBI Guv economictimes.indiatimes.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
