Treasury confirms go slow on crypto and digital asset regulation
Further consultation on digital asset platform regulation, which includes crypto, is adding to growing concern over investor uncertainty.
Treasury has confirmed there will be further consultation on new regulations covering digital assets and cryptocurrencies despite growing concern the lack of clarity is deterring investment.
Capital Brief first reported the delay last week. In a statement, Treasury said it was an important step in the legislative process.
“The Government will consult on the exposure draft legislation for digital asset platforms," it said.
"This is an important step in the legislative process — the industry has been aware of this process from the outset. Subject to other Government priorities, exposure draft legislation is expected to be released in 2024.”
