Senator Bragg advises to implement regulatory guidelines to control stablecoins
Australian Liberal Senator Andrew Bragg has unveiled a new law that would crack down on stablecoins, digital asset exchanges, and China's e-Yuan. Yuan is China's official digital currency.
In the new draft proposal, named Digital Assets (Market Regulation) Bill 2022, licences are proposed for digital asset exchanges, digital asset custody services, stablecoin issuers, and transparency requirements for e-Yuan facilitators in Australia.