To date, the Government has taken a largely non-interventionist approach to the regulation of cryptocurrency, allowing the landscape to evolve at a faster rate than its regulatory response. ABC teams share the story behind the story and insights into the making of digital, TV and radio content. The Government recently closed its consultation on draft legislation and regulations outlining an enhanced framework that allows businesses to test a wider range of products and services for a longer period of time. The registration process includes performing background checks and other anti-money laundering procedures on the entities involved. Businesses considering operating market infrastructure, or providing financial or consumer credit services using DLT, will still be subject to the compliance requirements that currently exist under the applicable licensing regime.
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