The Australian government focuses on regulating digital assets instead of creating a crypto reserve, aiming for transparency and security in the sector.
Stricter regulations may slow innovation, raising concerns about Australia’s competitiveness in the evolving crypto landscape.
There are no plans to establish a strategic cryptocurrency reserve in Australia at the moment, with the main focus being on controlling digital asset platforms.
The growing number of Bitcoin ATMs in Australia indicates a rising need for convenient access to digital assets, but this development is accompanied by more rigorous control measures by AUSTRAC.