Australia plans to create the best jurisdiction for cryptocurrencies

Australian legislators want to make the country a center for the crypto industry and thereby attractcryptocurrency entrepreneurs. To do this, they are calling for the development of a new regulatory regime for digital assets.

The report, published on October 20, argues that there is a need to significantly simplify the operation of cryptocurrency companies and access to the banking sector.

Among the several proposals put forward by legislators, it is worth highlighting:

• Creation of a special license for cryptocurrency exchanges;
• Creation of a clear regulatory framework for the storage of cryptocurrencies;
• Creating a framework for regulating relationships in the decentralized finance (DeFi) sector.

“We don't want to hang a new coat on an old hook.We need to work out and create legislation from scratch to regulate the cryptoindustry, and not try to cram new ideas into the old regulatory framework that was created for other purposes ", said Senator Andrew Bragg, who led the preparation of the report.

Bragg wants to make Australia a leadingjurisdiction for cryptocurrencies in the world so that it can compete even with Singapore or the UK. The senator is confident that other government officials will support him.

“Entrepreneurs are looking for the best conditions forworks all over the world. If the legislation is better in other countries, they will go there. It is very important to create a good ecosystem at home and be a strong state in the field of the digital economy ", Bragg also said.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	Exmo	https://exmo.me	6.9
4	OKEx	https://okex.com	6.5
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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