With cryptocurrency platforms such as Coinbase and Binance facing regulatory campaigns in the US and considering moving abroad, Australian Senator Andrew Bragg announced that he has introduced a new bill to regulate cryptocurrencies in the Australian Senate.
Andrew Bragg added that passing the law will help crypto-asset exchanges apply for licenses and increase adoption of the cryptocurrency industry within the country.
In a tweet via his official Twitter account, the Australian senator revealed that he had submitted a digital currency bill in the Australian Senate, and thus after the current government failed to regulate the digital currency sector in Australia and Parliament intervened to protect Australians and promote investment in the growing digital asset market, as he described it.
Earlier, lawmakers in two main committees of the European Union Parliament voted unanimously in favor of restrictions on cryptocurrency payments by unverified cryptocurrency wallets.
The proposal was approved and approved, along with some other measures to prevent companies from accepting large cash payments, and the creation of a new anti-money laundering agency within the European Union. The vote on these decisions was by the Parliament’s Economics and Civil Liberties Committees, with six members abstaining from voting, as 99 deputies voted in favor of imposing restrictions on digital currency payments to those wallets, while only 8 voted against them.
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