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ARTICLE · 07 MAY 2022

APRA details crypto-asset expectations

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Sets out the first set of details by APRA to set expectations & standards relating to crypto-assets & associated activities.

AustraliaTechnology
Steven Rice
Steven Rice
Mizu Ardra
Mizu Ardra
Fadi Khoury
Fadi Khoury
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In its 21 April letter to all APRA-regulated entities, APRA has set out its risk management expectations and policy roadmap for entities engaging in activities associated with crypto-assets. This includes its intention to develop a new and dedicated framework for the prudential regulation of crypto-assets.

This letter sets out the first set of details of APRA's intention to set expectations and standards relating to crypto-assets and associated activities.

It is relevant to all APRA-regulated entities and their directors, financial services providers which engage in activities associated with crypto-assets. It is also relevant to current and future 'accountable persons' under the Banking Executive Accountability Regime (BEAR) and Financial Accountability Regime (FAR).

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