The Australian Crypto Rule Book
— Model, Australia, Crypto, Party, Book, Australian, Rule, Regulatory, Regulations, Twin — 1 min read
Labor party has declared that the party’s main focus is increasing the protection laws in crypto. FPA, short for Financial Planning Association of Australia, has shown interest in the ‘crypto rule book’ idea. The plan is to regulate crypto exchanges instead of regulating digital assets. The Australian Law Reform Council (ALRC) believes that the way to solve these issues is to lay out a rule book-style framework. This framework will help update compliance principles for the small-scale and local crypto firms to follow. The treasury got notified by Ben Marshan. He also debated there should not be a separate legal framework for crypto regulations. The Twin Peaks regulatory model is based on the system where the regulation is split between two entities. Source