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The Australian government plans to analyze and calculate what kind of cryptocurrencies are used in the country, what are the transaction volumes, identify the most popular exchanges, as well as age groups of users. This is necessary to understand which digital asset tokens are used in Australia, and how they can be settled. This was stated by the treasurer Jim CHALMERS August 22. The document for public consultation is planned to be issued in the near future.
Chalmers said the new Labour government would first address gaps in Australia’s regulatory and licensing framework. It will also review organizational structures and study the storage of crypto assets in the country. Also, within the framework of the new legislation, additional measures to protect consumer rights will be considered.
Every year, digital assets are becoming more popular all over the world and Australia. More and more people are beginning to interact with the dangerous cryptocurrency market. And the main task of all states is to create suitable and safe conditions for working with crypto assets for their citizens.
Image: Analytics Insight
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