Australian crypto firms back draft laws, but ‘critical questions’ remain

Australia’s crypto exchanges have been largely positive about the government’s proposed crypto laws, but have told the Treasury that further clarity is needed.

Australia’s crypto industry has largely backed the government’s draft crypto legislation released last month, but has still responded to a Treasury consultation with demands for further clarity.

“The draft legislation, as it stands, leaves some critical questions unanswered,” Caroline Bowler, the former CEO of crypto exchange BTC Markets, said in a statement.

On Friday, the Treasury concluded a consultation that began in late September on draft rules extending finance sector laws to crypto exchanges.

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