From ministers.treasury.gov.au: The Albanese Government has released a Statement on Developing an Innovative Australian Digital Asset Industry, outlining four key pillars to foster a more dynamic digital asset sector while ensuring consumer protection.

The statement emphasizes the creation of frameworks for Digital Asset Platforms and payment stablecoins, a review of the regulatory sandbox environment, and initiatives to explore the benefits of digital asset technology.

Additionally, the Board of Taxation’s Review indicates that existing tax laws can accommodate digital assets, and the Australian Taxation Office will establish a working group to provide crypto tax guidance.