Cryptocurrency Q&A
Do I need a licence to operate a crypto-asset market in Australia?
Do I need a licence to operate a crypto-asset market in Australia?
KimonoElegance
Thu Jul 11 2024
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7 answers
1019
Good day, I'm considering entering the crypto-asset market in Australia, but I'm uncertain about the regulatory requirements. Could you please clarify if I need a specific licence or permit to operate a crypto-asset market in this country? I understand the financial industry is heavily regulated, and I want to ensure I'm following all the necessary steps to comply with the Australian laws and regulations. Additionally, I'm interested in knowing if there are any specific requirements or conditions I need to meet to obtain such a licence, if applicable. Thank you for your assistance in clarifying this matter.
7 answers
EmmaWatson
Sat Jul 13 2024
Additionally, crypto-asset market operators should consult with legal professionals to ensure they are meeting all legal obligations and requirements.
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Daniele
Sat Jul 13 2024
Among these, a key requirement is obtaining an Australian market licence, which ensures compliance with the nation's financial market oversight.
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CryptoBaron
Sat Jul 13 2024
Regulatory Guide 172, titled 'Financial markets: Domestic and overseas operators' (RG 172), provides detailed information on the licensing requirements and associated regulations.
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KimonoSerenity
Sat Jul 13 2024
RG 172 outlines the steps involved in obtaining and maintaining an Australian market licence, as well as the responsibilities and obligations of market operators.
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ThunderBreezeHarmony
Sat Jul 13 2024
Operating a market for crypto-assets in Australia, which are classified as financial products, necessitates adherence to a comprehensive set of legal regulations.
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