The Australian Prudential Regulation Authority

Felix I. Lessambo ()
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Felix I. Lessambo: Fordham University

Chapter Chapter 15 in Fintech Regulation and Supervision Challenges within the Banking Industry, 2023, pp 187-198 from Palgrave Macmillan

Abstract: Abstract The Australian Prudential Regulation Authority (APRA) is receptive to the entrance of fintechs and technology-focused businesses. The Australian Securities and Investments Commission (ASIC) operates an Innovation Hub that assists FinTech start-ups developing innovative financial products or services to navigate Australia’s regulatory system. Any eligible Fintech company was required to notify ASIC of its intention to offer products and services within the sandbox rules. There are no laws in Australia that have been implemented to specifically regulate cryptocurrencies or crypto assets.

Date: 2023
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DOI: 10.1007/978-3-031-25428-4_15

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