The Australian government currently has no plans to establish a strategic reserve for cryptocurrency

2025-03-04 14:22:39

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ChainCatcher news, according to Cointelegraph, the current Australian government has stated that there are no plans to establish a cryptocurrency strategic reserve.

A spokesperson for Australian Assistant Treasurer and Minister for Financial Services Stephen Jones told Cointelegraph that the Albanese government is focused on regulating digital asset platforms and is developing a regulatory framework suitable for digital assets.

Tom Matthews, Head of Corporate Affairs at Australian exchange Swyftx, believes that while the idea of a crypto reserve is popular, it may be "fraught with complexities" and could lead to concentration risks for certain tokens. Jonathan Miller, Managing Director of Kraken Australia, stated that cryptocurrencies have established themselves as investment-grade assets.

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