Australia Proposes Sweeping Crypto Regulations Ahead Of Elections
Australia is moving to impose stricter regulations on cryptocurrency exchanges and issuers of stablecoins, following a new proposal unveiled by the Treasury Department on March 20, 2025. This effort comes as the government aims to bolster oversight of digital assets while striking a balance between fostering financial innovation and protecting consumers amidst rising risks associated with the sector.
Under this proposed framework, Australia’s government, led by the Labor Party, will regulate crypto exchanges and related firms under existing financial services laws, which includes implementing tighter compliance requirements akin to those faced by traditional financial institutions. This means that crypto…
