Australian regulators are working with lawmakers to develop digital currency rules

On November 22 news, the Australian regulator said on Monday that it is working with lawmakers to formulate digital currency rules, but the agency warned that many crypto assets are currently unregulated and require investors to invest in such products “on their own”. The regulator also stated that it is cooperating with legislators and they are proposing to amend the law to allow for decentralized autonomous organizations (DAOs) managed by artificial intelligence instead of boards of directors, as well as licensing systems for cryptocurrency exchanges. (Reuters)

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