Australian Senator drafts stablecoin and digital yuan regulation bill

On Monday, Australian Liberal Senator released a draft bill aimed at regulating crypto exchanges, stablecoins and China’s central bank digital currency, the e- Yuan.

In a statement on Sept. 18 on his Twitter handle, Senator Bragg stated that “Australia must keep pace with the global race for regulation on digital assets” as “it is essential that the parliament drives law reform” on the matter.

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