Cryptocurrency Fraud As Government Moves To Create Protection

The Australian authorities has taken measures to make certain that purchasers are blanketed from the dangers of crypto custody and licensing.

The country's high minister, Malcolm Turnbull, stated in a assertion that his authorities can be running with ASIC to create a brand new framework for cryptocurrency custody and licensing.

He introduced that he's assured the brand new framework will shield purchasers from the dangers related to crypto custody offerings and controlled funding products.

Besides the deliberate crypto custody and licensing framework, the Australian authorities stated it has already taken steps to make certain purchasers are blanketed. Some of those steps consist of growing the scale of the Australian Securities & Investments Commission (ASIC)'s crypto crew from 20 to forty humans over the subsequent years.