@mintyq
The Australian government has appointed Andrew Charlton as Assistant Minister of Science and Technology and Digital Economy, and also serves as Cabinet Secretary to promote digital asset supervision and the modernization of the technology industry. This appointment coincides with the Australian government's strengthening of the supervision of digital assets. According to the new regulations, major encryption platforms need to obtain an Australian financial services license, while small businesses and non-financial services institutions can be exempted. The reform plan aims to connect international standards such as the EU MiCA and Singapore's Payment Services Act.
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