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Australia Crypto Laws Bring 10% Turnover Penalties on Violations
Australia Crypto Laws Bring 10% Turnover Penalties on Violations
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BTCCSquare news:
Australia is tightening its regulatory grip on digital asset platforms, unveiling draft rules that could slap violators with fines as high as 10% of annual turnover. The MOVE signals a maturing regulatory landscape for cryptocurrencies Down Under, where authorities are balancing innovation with investor protection.
The proposed penalties underscore Australia's hardening stance toward crypto misconduct, mirroring global trends as jurisdictions worldwide grapple with overseeing the volatile sector. While the rules don't single out specific coins or exchanges, the broad applicability means all market participants must reassess compliance frameworks.
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