Australian cryptocurrency exchanges are mostly welcoming a plan to subject them to the same rules as traditional financial institutions, but want the federal government to move quickly.
After a nine-month consultation period on cryptocurrency regulations, Treasurer Jim Chalmers on Monday unveiled a consultation paper that proposes Australia regulate exchanges.
It's an approach mostly favoured by the domestic industry, which is cooler on any attempt to try to enact rules on the thousands of individual cryptocurrencies, such as the stablecoins that attempt to mirror the value of national currencies.
