Australia’s draft law – Crypto exchanges and custodians may soon

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🇦🇺 need an AFSL licence, with penalties up to AUD $16.5M or 10% of turnover for breaches.

📉 Markets tumble – Bitcoin fell below $109K and Ethereum under $4K, wiping nearly $170B from global market cap.

🏛 U.S. regulation – The Senate is circulating a new crypto market structure bill, setting clearer rules on bankruptcy and tokenization.

💵 Stablecoin milestone – Supply has surged past $300B, showing deeper integration of digital assets into finance.

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