Australia installs more Bitcoin ATMs than whole of Asia
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Complementing the country’s massive increase in crypto ATMs, leaked internal documents from Australia’s Department of the Treasury revealed crypto legislation is on the horizon.
As reported by Cointelegraph, the Australian government plans to release consultation papers in the second quarter of 2023. The move seems plausible as the treasury had officially released a token mapping consultation paper, forming the basis of upcoming crypto regulations.
Consultation open! Today we released the token mapping consultation paper. This consultation is part of a multi step reform agenda to develop an appropriate regulatory setting for the #crypto sector. Read paper & submit views @ https://t.co/4W2msjhP9B @ASIC_Connect @AUSTRAC pic.twitter.com/OGHuZEGvDp
— Australian Treasury (@Treasury_AU) February 2, 2023
However, the final submissions to the cabinet will reportedly come later in the year, which implies that any decisions on crypto legislation will be pushed to 2024.
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