Australian regulator seeks feedback on managing 'risky' crypto assets
The Hindu
The regulator is proposing to establish good practices with regard to the pricing, ownership, risk management and disclosure of these instruments to protect retail investors and maintain fair market practices.
Australia's securities regulator said on Wednesday it would consult market participants on proposals to identify appropriate crypto assets and set up good market practices for financial instruments that expose them to digital currency-backed assets. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) The move comes as governments and regulators worldwide try to regulate the digital assets industry in the wake of rising investor affinity for cryptocurrencies, which are volatile and risky for users and financial institutions.
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