Australia has implemented specific regulations to govern the use and trading of cryptocurrencies. The Australian Securities and Investments Commission (ASIC) oversees these regulations, ensuring that exchanges comply with financial laws and only offer the products they have the correct licensing for.
Additionally, the Australian Transaction Reports and Analysis Centre (AUSTRAC) requires crypto exchanges to register and comply with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) rules. These regulations aim to protect consumers, prevent illegal activities, and maintain the integrity of the Australian market on the global stage.
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