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Australia Proposes New Laws To Regulate Crypto, BNPL
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The use of cryptocurrency has exploded in Australia during the pandemic.
Sydney: Australia will create a licencing framework for cryptocurrency exchanges and consider launching a retail central bank digital currency as part of the biggest overhaul of its A$650 billion-a-day ($463 billion) payments industry in a quarter of a century.
The country will also broaden its payment laws to cover online transaction providers like Apple Inc and Alphabet Inc's Google as well as buy-now-pay-later (BNPL)
Read more on ndtv.comAbout this in other media
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Australia proposes new laws to regulate crypto, BNPL economictimes.indiatimes.com /3 years ago
Australia Reserve Bank, partners announce ‘successful completion’ of CBDC research project ambcrypto.com /3 years ago
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