Australian senators draft new bill on stablecoins, digital yuan regulation

Australian Liberal Senator Andrew Bragg released a new draft bill aimed at cracking down on digital asset exchanges, stablecoins and China’s central bank digital currency e-Yuan. Bragg said in a Sept. 18 statement that “Australia must keep pace with the global digital asset regulation race” as “Parliament must push for legal reform.” The new draft bill, called the Digital Assets (Market Regulation) Act 2022, requires the introduction of digital asset exchanges, digital asset custody services, licenses for stablecoin issuers, and disclosure requirements for Australian e-Yuan service providers. (Cointelegraph)