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Australia plans to protect people from cryptocurrency collapses by forcing the platforms to get a financial services licence, the government said Monday. If they are required to get a licence, digital asset platforms would be governed by Australian financial services law.
The proposals paper underpins the professionalism of the advice sector and puts consumers “front and centre”, says the SMSF Association.
The industry has welcomed Michelle Levy's draft reform proposals, saying the consultation paper released today provides "a sensible roadmap" and a way forward.
The Sabah Cabinet has agreed to support the tabling of the Tobacco and Smoking Control Bill in Parliament