Australian senators draft new bill on stablecoins, digital yuan regulation

2022.09.19 21:58
Australian Liberal Senator Andrew Bragg has released a draft of a new bill aimed at cracking down on digital asset exchanges, stablecoins and the e-Yuan, China’s central bank digital currency.In a Sept. 18 statement, Bragg said Australia must keep pace with the global digital asset regulation race as parliament must push through legal reforms.The new draft bill, called the Digital Assets (Market Regulation) Act 2022, requires the introduction of digital asset exchanges, digital asset custody services, licenses for stablecoin issuers, and disclosure requirements for Australian e-Yuan service providers.
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