Australia's crypto legislation may be delayed until 2024 and beyond

03/06 05:55

Treasury has taken the lead in developing Australia’s policy response, according to the government’s internal documents. In November last year, its crypto policy unit hosted a Microsoft Teams call for the department with the apt title: “Crypto deep dive.” The government aims to release consultation papers and hold stakeholder roundtables about licensing and crypto custody rules in Q2 and Q3 of this year, according to the slides. Final submissions to cabinet are not expected until towards the end of this year. Industry observers say that timetable suggests legislation would probably not come until well into 2024 or 2025.

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