{"id":435279,"date":"2022-04-21T21:07:07","date_gmt":"2022-04-21T18:07:07","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/australian-prudential-regulator-releases-roadmap-for-cryptocurrency-policy\/"},"modified":"2022-04-21T21:07:07","modified_gmt":"2022-04-21T18:07:07","slug":"australian-prudential-regulator-releases-roadmap-for-cryptocurrency-policy","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/australian-prudential-regulator-releases-roadmap-for-cryptocurrency-policy\/","title":{"rendered":"# Australian prudential regulator releases roadmap for cryptocurrency policy"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26b2d02ab7e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26b2d02ab7e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/australian-prudential-regulator-releases-roadmap-for-cryptocurrency-policy\/#%E2%80%9D_Australian_prudential_regulator_releases_roadmap_for_cryptocurrency_policy_%E2%80%9C\" >&#8221; Australian prudential regulator releases roadmap for cryptocurrency policy &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Australian_prudential_regulator_releases_roadmap_for_cryptocurrency_policy_%E2%80%9C\"><\/span>&#8221; Australian prudential regulator releases roadmap for cryptocurrency policy &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvYTZhNjk4OWYtMmEwOS00MmVjLTg5NTYtZDUzMjlmMDJkY2E5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>The Australian Prudential Regulation Authority, or APRA, published a letter to regulated entities Thursday setting out risk management expectations and a policy roadmap for the regulation of crypto-assets through 2025. \u201cWhile activities associated with crypto assets are still relatively limited in Australia, the potential scale and risks of such activities could become significant over time,\u201d chairman Wayne Byres said in the letter.<\/p>\n<p>The letter <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.apra.gov.au\/crypto-assets-risk-management-expectations-and-policy-roadmap\">instructed<\/a> the regulated entities undertaking activities with crypto assets to engage with their supervisory agencies, and it outlined risk management measures and standards specific to a variety of cases. The foreseen regulatory framework encompassed banking exposure to crypto assets, operational risk and stablecoins. <\/p>\n<p>The agency will consult with international regulators to ensure a consistent <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to crypto-asset operations. It intends to hold consultations with the Bank for International Settlements (BIS) Basel Committee on Banking Supervision this year and next before unveiling the crypto-asset requirements, which will take effect in 2025. <\/p>\n<p>A draft standard for operational risk will be released later this year and go into force in 2024. APRA is working with the other members of the National Council of Financial Regulators to incorporate stablecoins into a proposed regulatory framework for stored-value facilities, with consultations expected next year and a standard coming into force in 2025. In addition, crypto assets may be included in broader reforms kicked off last year.<\/p>\n<p>Blockchain Australia submitted crypto regulation recommendations to the government in July. The association emphasized \u201cexamining the work done in overseas jurisdictions\u201d and warned the industry \u201ccannot afford to wait years for regulatory clarity.\u201d Byres <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.apra.gov.au\/news-and-publications\/apra-chair-wayne-byres-speech-to-american-chamber-of-commerce-australia\">announced<\/a> the coming release of the letter and placed it in the context of the agency\u2019s larger plans in a speech to the American Chamber of Commerce earlier this month. The major Commonwealth Bank of Australia is attempting to expand a trial program to offer crypto services to its 6.5 million customers, but has so far been stymied by regulators. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/australian-prudential-regulator-releases-roadmap-for-cryptocurrency-policy\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Australian prudential regulator releases roadmap for cryptocurrency policy &#8220; The Australian Prudential Regulation Authority, or APRA, published a letter to regulated entities Thursday setting out risk management expectations and a policy roadmap for the regulation of crypto-assets through 2025. \u201cWhile activities associated with crypto assets are still relatively limited in Australia, the potential scale&#8230;<\/p>\n","protected":false},"author":1,"featured_media":435280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvYTZhNjk4OWYtMmEwOS00MmVjLTg5NTYtZDUzMjlmMDJkY2E5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[20358,71939,70934],"class_list":["post-435279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-australia","tag-banks","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/435279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=435279"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/435279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/435280"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=435279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=435279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=435279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}