Australian Government Proposes New Crypto Exchange Regulations, Exchanges Split on Impact

Australian Treasury proposes regulating crypto exchanges under existing financial services rules and introducing new guidelines.

Crypto exchanges like BTC Markets, Independent Reserve, and Swyftx welcome regulations for industry growth and consumer protection.

Kraken Australia concerned rules may stifle innovation by shoehorning crypto into TradFi regulations.

Law firm Clyde & Co says proposals make sense to catch up with EU crypto regulations.

Exchanges need to prepare now for complicated Australian Financial Services licensing regime.