Australia Wants to Integrate Crypto Into the Economy in New White Paper
The Australian Government announced an ambitious whole-of-government approach to regulating and integrating digital assets into the broader economy, inspired by work done in the European Union (EU) and Singapore.
In a white paper published by the Australian Treasury, the country’s government says it will embrace tokenization, real-world assets (RWAs), and central bank digital currencies (CBDCs) as part of a broader push to modernize its financial system.
While ruling out a retail CBDC for now, the government sees a wholesale CBDC version and tokenized settlement infrastructure as key to unlocking market efficiency and broader asset access.
The government says that the Australian Treasury, the Australian Securities and Investment…
