KPMG Australia welcomes the opportunity to provide a submission to Treasury’s consultation on crypto asset secondary service providers, the licencing and custody requirements.
The crypto asset ecosystem has expanded rapidly in recent years, and there have been calls for additional regulation in Australia to both support consumer confidence and provide regulatory certainty to crypto businesses and service providers.
Recent events and extreme fluctuations in the crypto asset market highlight the risks involved for investors and participants.
Source KPMG
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