Labor's cryptocurrency taskforce comes into focus
As the United States passes its first major cryptocurrency reform, responsibility for Australian rules is being cut across at least two ministerial portfolios.
Labor's approach to tackling cryptocurrency reform is slowly coming into form three months after the Federal Election and as the US makes its first major moves to regulate the blockchain.
Regulation of digital assets and the platforms they're used on will be the purview of Assistant Treasurer Daniel Mulino, while Assistant Minister for Productivity, Competition, Charities and Treasury Andrew Leigh will continue working on crypto taxation policy.
Offices for both ministers confirmed the responsibilities.
Andrew Charlton, who as Assistant Minister for Science, Technology and the Digital Economy has been rumoured to have a seat at the table, for now has no formal role in cryptocurrency regulation. A spokesperson for Charlton said he would advise on all matters related to the digital economy.
Both political parties made election promises of establishing a regulatory framework for blockchain technology. Yet it has until now not been clear which minister would be responsible for what.
