Australian lawmakers propose rules to regulate crypto exchanges, allowing the government to slap penalties of 10% of annual turnover on firms that violate rules (Richard Henderson/Bloomberg)

Richard Henderson / Bloomberg:
Australian lawmakers propose rules to regulate crypto exchanges, allowing the government to slap penalties of 10% of annual turnover on firms that violate rules  —  Australia will slap penalties of as much as 10% of annual turnover on digital asset platform operators that breach proposed rules …