Shiba Inu Listed by Major Australian Exchange

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Shiba Inu (SHIB), the second most popular meme cryptocurrency; listed According to an announcement on Monday, Bitcoin.com.au.

The exchange, which serves around 300,000 customers across Australia, was founded in 2014. This makes it one of the oldest digital asset trading platforms in Australia.

The exchange accepts Bitcoin and a variety of other cryptocurrencies, including Aave (AAVE), Basic Attention Token (BAT), Bitcoin Cash (BCH), Compound (COMP), Dai (DAI), and Dogecoin (DOGE). It offers.

Bitcoin.com.au is not the first Australian crypto exchange to list on SHIB.as U.Today reportedCoinJar, the country’s longest-running digital asset exchange, added support for meme coins in December 2021.

According to a survey conducted at the peak of the last bull market, Shiba Inu was actually more popular in Australia than established cryptocurrencies such as XRP and Cardano.

according to data This token offered by CoinGecko is currently trading at $0.00002962 on major spot exchanges.

Australian virtual currency regulations

In late 2023, the Australian government proposed tightening regulations for crypto trading platforms, requiring them to obtain a license from local financial services regulator ASIC.

The proposed rules aim to protect consumers and prevent digital asset platforms from collapsing by increasing oversight and setting minimum standards.

Senator Andrew Bragg criticized the Labor government for delaying cryptocurrency regulation. However, his bill was rejected due to lack of detail, international coordination, and potential negative impact on the industry.

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Alex Dovnya

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