Australia’s government, under its ruling center-left Labor Party, has proposed a new crypto framework regulating exchanges under existing financial services laws and has promised to tackle debanking.
It comes ahead of a federal election slated to be held on or before May 17, which current polling shows is shaping up to a dead heat between Prime Minister Anthony Albanese’s Labor and the opposing Coalition led by Peter Dutton.
The Treasury Department data-ct-non-breakable=”null” href=”https://treasury.gov.au/sites/default/files/2025-03/p2025-628504-s.pdf” rel=”null” target=”null” text=”null” title=”null”>said in a March 21 statement that data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/crypto-exchanges-explained” rel=”” target=”_self” text=”null” title=”https://cointelegraph.com/explained/crypto-exchanges-explained”>crypto exchanges, custody services and some brokerage firms that…
