Is cryptocurrency safe in Australia?｜In Australia, . Many crypto-assets and other digital assets are commonly not considered to be financial products so the platforms where you buy and sell crypto may not be regulated by the corporate regulator, the Australian Securities and Commission (ASIC).cryptocurrency is legal but largely unregulated

Is cryptocurrency safe in Australia? This is a question that many investors and enthusiasts often ponder. In Australia, while cryptocurrency is indeed legal, it remains largely unregulated. This means that numerous crypto-assets and other digital assets are generally not considered financial products. Consequently, the platforms where individuals buy and sell cryptocurrencies may not be subject to regulation by the Australian Securities and Investments Commission (ASIC), the corporate regulator. Given this unregulated environment, it's crucial for investors to exercise caution and conduct thorough research before investing in cryptocurrency. So, is cryptocurrency safe in Australia? While the answer isn't a straightforward yes or no, understanding the regulatory landscape and taking necessary precautions can help mitigate risks.