The post Australia’s Crypto Regulation Framework Includes Digital Assets, Tokenization, and CBDCs appeared on BitcoinEthereumNews.com.

Key Notes Australia introduces new crypto regulations, enforcing asset safeguarding, licensing, and capital adequacy rules. Australia’s Treasury aims to modernize its financial system through real-world asset (RWA) tokenization and wholesale CBDC development.To combat de-banking, the government will work with major banks and add anti-de-banking measures to DAP licensing . The Australian government under the leadership of Prime Minister Anthony Albanese has introduced a new crypto regulatory framework with the plan of integrating digital assets into the broader economy.  A whitepaper from the Treasury outlines plans for real-world asset (RWA) tokenization and the development of central bank digital currencies (CBDCs) to modernize the country’s financial system. New regulations will apply to crypto custody services, exchanges, and other brokerage firms operating in the space. These new regulations will also enforce compliance with financial service standards, such as safeguarding customer assets, obtaining an Australian Financial Services Licence, and meeting minimum capital requirements. The Treasury Department said: “Our legislative reforms will extend existing financial services laws to key digital asset platforms, but not to all of the digital asset ecosystem”.  Crypto Regulations for CBDCs, Tokenized Assets and Stablecoins The Australian government has ruled out any plans for a retail CBDC, and will instead proceed to build a wholesale CBDC version along with building a tokenized assets infrastructure. This will help to unlock market efficiency and access to broader assets globally.  Plans are also in place for pilot trials using tokenized money, including stablecoins, to facilitate transactions in wholesale tokenized markets.  These trials will involve collaboration with the Reserve Bank of Australia, the Australian Securities and Investment Commission, and the Australian Treasury. The whitepaper reads:  “Markets for tokenized assets may be able to increase automation, reduce settlement risk, lessen reliance on multiple financial intermediaries, simplify trading processes, reduce transaction costs, and provide broader access to…

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Filed under: News - @ March 21, 2025 8:23 pm