Australia to develop digital asset framework, highlighting de-banking challenges

The new regulation is targeting digital asset and payment service providers in both cryptocurrencies and stablecoins; draft legislation is expected by the end of 2025.

In the second half of March, Australia’s Treasury said in a statement that it will build a “fit-for-purpose framework” for the digital asset industry in its local market.

¬ Haymarket Media Limited. All rights reserved.

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