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Australian Senate committee proposes regulatory model for crypto
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ambcrypto.comThe widespread crypto-economy has led a Senate committee on the Australia as a Technology and Financial Center [ATFC], to present its final report in Parliament to regulate the global digital economy. The report detailed 12 recommendations for the regulation of digital assets along with the fintech industry.
Like the rest of the world, Australia was also waking up to the realization of the need for regulatory clarity with the booming crypto market. In its new report, the Senate proposed new licenses for crypto exchanges, new laws to govern Decentralized Autonomous Organizations [DAOs], mending of capital gains tax in DeFi, and a tax discount for crypto miners who use renewable energy.
It looked like the Senate had paid attention to various
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