Businesses must meet new compliance rules by October 1 or risk penalties under financial services law.
Australia is implementing stricter oversight of cryptocurrency businesses as a regulatory deadline approaches. Firms that fail to comply by October 1 may face civil or criminal penalties under existing financial services laws.
The move reflects a broader push to formalize crypto sector oversight in the country.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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