The Australian authorities has taken some of steps to make certain clients are protected, along with growing the scale of the Australian Securities & Investments Commission (ASIC)`s crypto group. The enterprise additionally stated that it's miles running with economic establishments to increase new merchandise.
Besides the deliberate crypto custody and licensing framework, the Australian authorities stated it has already taken steps to make certain clients are protected. Some of those steps include:
Increasing the scale of ASIC's crypto group from eighty to three hundred members
Working with banks and different economic establishments to increase new merchandise and
Ensuring clients can select what kind of provider they need in relation to cryptocurrency trading.