
The UK, Russia, and Australia are making significant moves in cryptocurrency regulation. In the UK, the Financial Conduct Authority (FCA) has announced plans to develop cryptoasset rules, focusing on stablecoins and staking services. The regulations aim to provide tighter safety measures for stablecoins and reduce bureaucratic hurdles for staking services. Meanwhile, Russia has legalized crypto mining, requiring operators to register under government oversight, leveraging its energy reserves to bolster its economy amidst sanctions. In Australia, the Australian Securities and Investments Commission (ASIC) has released draft guidance, CP 381, for public feedback. The proposed framework includes licensing requirements for stablecoins, wrapped tokens, and digital asset platforms, with potential "no-action" positions for startups seeking licenses. Additionally, the Albanese government has announced broader cryptocurrency reforms set for release in 2025.
ASIC's Crypto Framework Is Taking Shape - Pay Attention ASIC’s draft guidance, CP 381, is worth your time. They're ironing out licensing for stablecoins, wrapped tokens, and digital asset platforms while hinting at “no-action” positions for startups applying for key licenses.… https://t.co/8vB8iGKb15
Australia's About To Unveil A New Wave Of Crypto Laws ASIC just dropped their CP 381 draft, and it’s calling on all digital asset players to level up. The proposed legislation covers licenses for stablecoins, wrapped tokens, and the future of platforms. Even a “no-action” pass… https://t.co/1TmDqLJlEr
🇦🇺 LATEST: Australia's securities regulator ASIC is seeking feedback on proposed crypto guidance "Stakeholders have been calling for greater clarity and in response, we are releasing our draft updated guidance," ASIC stated. https://t.co/0ZFD1G7OO2





