Australia won’t follow Trump’s push for strategic crypto reserve: report
Australia’s government has ruled out creating a crypto reserve, focusing instead on regulation.
Australia will not follow the United States in creating a strategic crypto reserve, despite President Donald Trump‘s efforts to make the U.S. the “Crypto Capital of the World.”
While a spokesperson for Assistant Treasurer and Financial Services Minister Stephen Jones did not explicitly rule out a crypto reserve, he confirmed in an interview with Sky News Australia that the government is prioritizing the regulation of digital and crypto asset platforms over creating a strategic reserve.
“The Albanese government has consulted on our proposed framework to build a fit-for-purpose digital asset regulatory regime,…
