BlockBeats News, May 13, the Australian government appointed Andrew Charlton as Assistant Minister for Technology and the Digital Economy, as well as Cabinet Secretary, to promote digital asset regulation and the modernization of the technology industry. This appointment comes as the Australian government strengthens digital asset regulation.
Under the new regulations, major crypto exchanges are required to obtain an Australian Financial Services License, while small businesses and non-financial service entities may be exempt. The reform is designed to align with international standards such as the EU's MiCA and Singapore's Payment Services Act. (Decrypt)
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