🐊 AUSTRALIA PAVES THE WAY FOR CRYPTO REGULATION | XRP (RIPPLE) NEWS TODAY | BITCOIN ETF NEWS

🐊 AUSTRALIA PAVES THE WAY FOR CRYPTO REGULATION | XRP (RIPPLE) NEWS TODAY | BITCOIN ETF NEWS - In this video, we discuss XRP News today, crypto news today, and more. - In this video, we discuss XRP News today, crypto news today, and more.
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The Australian Prudential Regulation Authority (APRA) set out initial risk management expectations for regulated entities dealing with crypto assets on Thursday, as well as a policy roadmap for introducing further standards over the next three years.

In a letter from APRA Chair Wayne Byres, the authority, which supervises banking, insurance and pension institutions in Australia, emphasized the need for due diligence and risk assessments when dealing with crypto assets.

Its roadmap revealed plans to introduce operational risk standards by 2024, and, tentatively, crypto asset requirements and stored value facility standards by 2025.

It also advised that it would be looking at “possible approaches to the prudential regulation of payment stablecoins, among others.”

Crypto has been growing in popularity in Australia. According to the Australian Taxation Office, more than 800,000 Australian taxpayers transacted in digital assets over the last three years, with an increase of 63% in 2021 over the previous year. Surveys from other companies, such as comparison site Finder, give estimates of the proportion of Australians holding crypto as high as 18%.

The regulatory moves are ramping up as more companies and products enter the market. FTX announced plans to enter Australia last month, and last week The Block reported that four ETF issuers have agreed to cover the margin requirements to list new crypto-related products on Cboe Australia.

Here is the letter link- https://www.apra.gov.au/sites/default/files/2022-04/Crypto-assets%20-%20Risk%20management%20expectations%20and%20policy%20roadmap.pdf

TIMESTAMPS
0:00 - INTRO
0:11 - WELCOME TO THE WALL STREET BULL
1:05 - YOUTUBE COMMUNITY TAB POSTS
2:05 - COINSPOT AUSTRALIAN CRYPTO PRICES
4:55 - CRYPTO BUBBLES PERCENTAGES TODAY
5:17 - AUSTRALIA PAVES THE WAY FOR CRYPTO REGULATION
9:28 - XRP RIPPLE NEWS CASE DELAYED UNTIL 2023
11:41 - INFLATION NEWS POWELL WARNS OF 50 BASIS POINTS HIKE
12:11 - NEAR PROTOCOL THE NEXT TERRA
13:53 - LAYER 1 CRYPTO PROJECTS WILL MOON
14:40 - XDC XINFIN WANCHAIN NEWS
15:38 - CRYPTO METER .IO
16:03 - CRYPTO TWITTER NEWS
21:06 - COINMARKET CAP PORTFOLIO

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