cryptonews.net
The Australian government plans to analyze and estimate which cryptocurrencies are used in the country, what are the volumes of transactions, to identify the most popular exchanges, as well as the age groups of users. This is necessary to understand what digital asset tokens are being used in Australia and how they can be regulated. Treasurer Jim CHALMERS announced this on August 22. The public consultation document is scheduled to be released shortly.
Chalmers said the new Labor government would first address gaps in Australia's regulatory and licensing framework. It will also review organizational structures and study the storage of crypto assets in the country. Also, under the new legislation, additional measures to protect consumer rights will be considered.
Every year digital assets become more and more popular all over the world and Australia. More and more people are starting to interact with the dangerous cryptocurrency market. And the main task of all states is to create suitable and safe conditions for working with crypto assets for their citizens.
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