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Australia drafts laws to strengthen regulation of digital asset platforms.

Golden Finance reported that Australia has released a draft legislation to regulate digital asset platforms, aiming to extend the Financial Service Act to Crypto Assets businesses to enhance consumer protection and provide clarity for the industry. Assistant Treasurer Daniel Mulino announced these reforms on Wednesday at the Australia Global Digital Assets Regulatory Summit. He described the bill as the “cornerstone” of the digital asset roadmap released by the government in March and stated that this would align Australia with its international counterparts.

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