Australia Cracks Down: Crypto Exchanges Face Tough New Rules

Australia moved on Thursday to bring cryptocurrency platforms under mainstream financial rules, proposing fines that could reach A$16.5 million or as much as 10% of a firm’s annual turnover for ser...

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Australia Cracks Down: Crypto Exchanges Face Tough New Rules

Source: Bitcoinist.com

Australia moved on Thursday to bring cryptocurrency platforms under mainstream financial rules, proposing fines that could reach A$16.5 million or as much as 10% of a firm’s annual turnover for serious breaches. Related Reading: WLFI Expands Into Payments: Debit Card + Apple Pay On The Way According to the Treasury’s exposure draft, the plan would […]