JejuSunshineSoul
Fri Jun 07 2024
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7 answers
2059
Is crypto legal in Australia?｜If you are issuing crypto-assets that fall within the definition of a 'financial product', Australian laws apply, including the requirement to hold an Australian financial services (AFS) license: see Part C and for more information Regulatory Guide 1 AFS Licensing Kit: Part 1 - Applying for and varying an AFS license ( ...
Is cryptocurrency considered legal in Australia? If I'm dealing with crypto-assets that fall into the category of 'financial products', does it mean I need to comply with Australian laws? Specifically, does this include obtaining an Australian financial services (AFS) licence? Could you please provide further details on this matter? I've heard about Regulatory Guide 1 AFS Licensing Kit, but would like a concise explanation on how it applies to my situation. Thank you for your assistance.
KatanaGlory
Thu Jun 06 2024
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6 answers
1697
Is crypto regulated in Australia?｜Australian laws apply Services such as offering, advising about, making a market for, and dealing in, .crypto-assets that are derivatives will also require an AFS license
Is crypto regulated in Australia? I've been hearing a lot about cryptocurrencies and their potential, but I'm also concerned about the legalities. I understand that Australian laws apply to certain crypto-related services. So, does this mean that offering, advising about, making a market for, and dealing in crypto-assets that are derivatives require an Australian Financial Services (AFS) licence? I'm just trying to clarify the regulatory framework in Australia for cryptocurrencies.
