Aussie FPA supports 'crypto rule book' and regulation of exchanges
— Australia, Financial, Regulatory, Exchanges, Rule, Book, Aussie, System, Australian, Service — 1 min read
In May, the Australian Law Reform Council proposed to tackle crypto regulation through a rule book-style framework for local crypto firms to adhere to. The Financial Planning Association of Australia (FPA) has shown its support for the “crypto rule book’s idea and called for regulating exchanges instead of crypto assets. FPA head of policy, strategy and innovation Ben Marshan argued that the regulation of crypto exchanges should fall under the current financial services regime and not under a new separate legal framework. He also emphasized a need to roll out greater consumer protections for local Australian crypto users and highlighted that regulating secondary providers (crypto exchanges, brokers etc.) is the best way to do this. Swyftx co-CEO Ryan Parsons echoed the calls from Mashan. Source