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ARTICLE · 25 OCTOBER 2023

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Australian treasury digital asset platforms consultation

Piper Alderman
Piper Alderman
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Piper Alderman

Piper Alderman

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Treasury released a new policy proposal aimed at regulating & licensing digital asset platforms in Australia.

AustraliaTechnology
Michael Bacina
Michael Bacina
Steven Pettigrove
Steven Pettigrove
Luke Higgins
Luke Higgins
Jake Huang
Jake Huang
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Yesterday, the Treasury released a new policy proposal aimed at regulating and licensing digital asset platforms in Australia. Michael Bacina, Steven Pettigrove, Luke Higgins and Jake Huang of the Piper Alderman Blockchain Group provide a summary of the key points in the consultation paper. Consultation responses are due by 1 December 2023.

Australia has had a number of digital asset reviews since 2015 and yesterday Treasury released a comprehensive proposal aimed at regulating digital asset platforms within Australia which goes beyond what would traditionally be seen as digital currency exchanges under the AML/CTF Act.

Stephen Jones, Assistant Treasury and Minister for Financial Services, unveiled the long-awaited Proposal Paper yesterday morning at the AFR Crypto Summit (Proposal Paper).

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