“The Government’s Plan of Direct Different Parts of the Government to Research Different aspects of Digital Assets, Including Tokenization and CBDCS.”, – WRITE: www.coindesk.com
In a white paper published by the australian Treasury, The Country’s Government Says It Will Embrece Tokenization, Real-World Assets (Rwas), and Central Bank Digital Curital Curital Cur. Broader Push to Modernize ITS Financial System.
While Ruling Out A Retail CBDC for Now, The Government SEES A WHOLESALE CBDC Version and Tokenized Settlement Infrastructure As Key to Unlocking Market Efficiency And Broferency An.
The Government Says that the Australian Treasury, the australian Securities and Investment Commission, As Well As The Reserve Bank of Australia Are Planning to Launch Monech Stablecoins, to Settle Transactions in Wholesale Tokenized Markets.
“Markets for Tokenized Assets May Be Able to Increase Automation, Reduce Settlement Risk, Lessen Reliance on Multiple Financial InterMediarians, Simplify Transcy Broader Access to Traditionally Illiquid Assets, “The Report Reads.
The White Paper Also Presents A Licensing Structure for Crypto Exchanges, Which Will Be Known in Australia as Digital Asset Platforms (DAPS).
Operators of Daps Will Need to Meet Financial Services Obligations Such as Capital Adequacy and Disclosure Requirements While Also Using Third
The Government is Also Planning on Addressing Industry Conceerns of De-Banking Through ITS DAP LICENSING REGIME, IT SAID IN THE WHITE PAPER, TO ALLOW FOR BANKING INTERNERS TO BETTER ENGAGAGERNERS.
This Anti-Debanking Effort in Australia Follows Continued US Hearings on The Topic, Where Senator Tim Scott’s Firm Act Seeks to Stop Regulators from CLIM Accessing Banking Rails.
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