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Albanese government thumbs new digital asset laws to be released in 2025 as ASIC reveals regulatory plans for crypto

The Albanese government has announced that new digital asset laws will be introduced in 2025, aiming to regulate the cryptocurrency sector in Australia. This legislative move comes as the Australian Securities and Investments Commission (ASIC) outlines its regulatory plans for crypto, focusing on enhancing consumer protection, market integrity, and innovation in the digital asset space. The government's initiative is part of a broader strategy to address the risks associated with cryptocurrencies, including fraud, scams, and market manipulation, while also fostering a conducive environment for the growth of blockchain and digital asset technologies. The ASIC's approach includes enforcing existing financial services laws on crypto businesses and potentially introducing new regulations tailored to the unique aspects of digital assets. This development signals Australia's intent to keep pace with global trends in digital finance and to provide clarity and security for investors and businesses in the crypto market.

Read the Full Sky News Australia Article at:
[ https://www.skynews.com.au/australia-news/politics/albanese-government-thumbs-new-digital-asset-laws-to-be-released-in-2025-as-asic-reveals-regulatory-plans-for-crypto/news-story/1d5b988fba80afa4683da79075621699 ]