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The majority of Australian cryptocurrency exchanges have welcomed the recent Treasury proposal to incorporate crypto exchanges within the existing financial services licensing framework. However, there are concerns among some that this move might confine the crypto industry within a traditional financial services mould.
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Coinbase, the cryptocurrency exchange, has introduced a crypto lending service tailored for institutional investors in the United States. 
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ASX's Chief Information Officer, Dan Chesterman, stated that for a tokenised asset to be considered for listing in the future, it must be supported by appropriate backing. He emphasised that while this requirement is essential, there is a definite possibility of such assets being listed at a later time.
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