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ARTICLE · 02 APRIL 2023

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Australian Senate to consider Digital Asset Licensing Law

Piper Alderman
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The Digital Assets Bill was introduced as a Private Member's Bill to regulate digital asset exchanges in Australia.

AustraliaTechnology
Michael Bacina
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Steven Pettigrove
Steven Pettigrove
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Michael Bacina and Steven Pettigrove of the Piper Alderman Blockchain Group bring you the latest legal, regulatory and project updates in Blockchain and Digital Law.

Australian Senator Andrew Bragg today introduced a new Bill to the Australian Senate proposing to regulate digital asset exchanges in Australia. The Digital Assets (Market Regulation) Bill 2023 (Digital Assets Bill) - builds on an earlier draft Bill published last year, the Digital Assets (Market Regulation) Bill 2022 which was also proposed by Senator Bragg.

In his tweet foreshadowing the 2023 Bill, Senator Bragg said:

.Parliament must step up to protect Australians & promote investment.

In 2021, the Senator was part of a bipartisan inquiry, the Senate Select Committee on Australia as a Technology and Financial Centre, which released a final report making 12 recommendations to regulate and support the the digital asset industry in Australia (here is our digest of those recommendations).

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