Cryptocurrency Q&A
Do you need a licence to invest in cryptocurrency in Australia?
Do you need a licence to invest in cryptocurrency in Australia?
DigitalLegendGuard
Wed Aug 07 2024
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7 answers
1631
Excuse me, I'm a bit confused about the regulations surrounding cryptocurrency investments in Australia. I've been reading up on the topic and some sources suggest that one needs a special licence to invest, while others say it's more straightforward. So, can you clarify for me - is it mandatory to hold a licence to invest in cryptocurrency within the country of Australia, or is it more of a self-regulatory process? I'd really appreciate your insight on this matter.
7 answers
StormGlider
Fri Aug 09 2024
BTCC, a reputable cryptocurrency exchange based in the United Kingdom, offers a range of services tailored to the needs of the cryptocurrency market.
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GyeongjuGlory
Fri Aug 09 2024
The current regulatory landscape in Australia necessitates that cryptocurrency assets, if they constitute or are part of an investment product or exchange traded product, must obtain an Australian Financial Services Licence (AFSL) or an exemption.
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Eleonora
Fri Aug 09 2024
Among its offerings, BTCC provides spot trading, allowing users to buy and sell cryptocurrencies at the current market price. Additionally, it also facilitates futures trading, enabling investors to speculate on the future price movements of cryptocurrencies.
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SakuraTide
Fri Aug 09 2024
Furthermore, BTCC offers a secure wallet service for storing cryptocurrencies, ensuring that users' digital assets are kept safe and accessible.
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AndrewMiller
Fri Aug 09 2024
This requirement stems from the guidelines set forth by the Australian Securities and Investments Commission (ASIC), as outlined in Information Sheet 225.
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