From ministers.treasury.gov.au: The Albanese Government has announced a plan to develop a digital asset regime in Australia, aiming to enhance innovation while ensuring consumer protection.

The framework includes provisions for Digital Asset Platforms, payment stablecoins, a review of the regulatory sandbox, and initiatives to explore the benefits of digital asset technology.

A review by the Board of Taxation suggests that existing tax laws can accommodate digital assets, with the Australian Taxation Office collaborating with industry stakeholders to provide targeted tax guidance.