Based on Treasury documents cited by media reports, a rounded crypto regulatory framework will not be implemented in Australia until after this year.
The Australian Financial Review revealed Treasury discussions with Treasurer Jim Chalmers on how to regulate crypto and the web3 sector.
Crypto Laws Still Far Off Despite Specialized ‘Policy Unit’
នេះ របាយការណ៍ claims that the Treasury will consult local cryptocurrency businesses and draught new laws by next year. This is based on the Treasury’s timetable, which was made public under the Freedom of Information laws.
However, according to the documents, the Treasury now has a separate ‘crypto policy unit’ within the organization.
The Australian government started its efforts to regulate the cryptocurrency industry by tightening regulations in the last two years. In August 2022, the regime announced the launch of a token mapping exercise.
Treasurer Chalmers noted it would “keep up with developments and provide greater protections for consumers.”
Source: https://beincrypto.com/australia-new-crypto-laws-not-debut-until-least-2024/