Developing an innovative Australian digital asset industry

The government is working to deliver effective settings for:

• digital assets
• payment stablecoins.

This will:

• increase transparency
• protect consumers
• help Australia adopt and benefit from new technology
• keep Australia competitive globally.

The government will work with ASIC and industry to smooth the transition to the new settings.

The reforms leverage the Australian financial services framework. This gives consistent oversight and strong safeguards for consumers.

The government plans to consult on the draft legislation in 2025.