The Australian regulator presented a plan for the development of rules for the crypto industry
The Australian Prudential Regulatory Authority has outlined a strategy for developing regulations to oversee the digital asset industry and manage associated risks. Australian Prudential Regulation Authority (APRA) Chairman Wayne Byres sent a letter to the entities regulated by the agency. The letter outlines the steps APRA intends to take to mitigate new risks associated with the industry’s rapid growth. APRA suggested that before providing services to companies operating in this sector, organizations conduct their due…
