The final legislation will introduce a new framework for digital asset businesses in Australia. It will do so by extending existing financial services laws, but in a targeted way. It will be the cornerstone of our digital asset roadmap which was released in March.
This is about legitimising the good actors and shutting out the bad. It is about giving businesses certainty and consumers’ confidence. It is about working with industry, regulators and the broader community to make Australia a leader in the global digital asset ecosystem.