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- Charlton will also work as a minister and work in AI, Tech and Digital Economy.
- This promise occurs as Australia prepares for major encryption regulations.
- The draft bill is expected to be announced later this year.
Australia has appointed Andrew Charlton as the Minister of Science, Technology and Digital Economics, and moves to strengthen the agenda for regulating digital assets and modernizing the technology sector along with a new role as a minister of the Cabinet.
Anthony Albanes announced on Monday that he was “exceptionally qualified” for his dual role due to Charlton’s economic qualification and international experience.
Albanese said, “His policy role is to cooperate with Tim Ayres in the industry, especially in the industry’s new technology and AI. Sayed Reporter of Canberra.
CAROLINE BOWLER, CEO of Crypto Exchange BTC Markets, says this promise is a “clear promise for collaboration and effective policy.”
“Charlton understands that the digital economy is established and expanded rapidly,” Bower said. decoding In the statement. “We are convinced that he will support the flexible and future digital infrastructure.”
Charlton’s promise is as follows: Wider push The newly elected Australian government regulated the digital asset industry.
In March, Charlton, a special envoy for cyber security and digital elasticity, Co -statement Stephen Jones, the assistant finance, summarized the following steps toward the license system for the encryption platform.
This reform aims to meet Australia with global standards, such as the EU’s Munmo and Singapore’s Payment Service Act.
In accordance with the proposed rules, major encryption companies must obtain Australian financial service licenses. Companies that do not provide small companies or financial services are exempted.
The Treasury’s papers also expressed concern about DEDanking, in which financial institutions restrict services to encryption companies.
Public officials have begun consultation with major banks, hoping that new rules will provide clearer and more risk management throughout the sector.
The draft bill is expected at the end of this year. The Australian Securities and Investment Committee will also update digital asset guidelines.
Edited by SEBASTIAN SINCLAIR
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