Despite the reports in February, which indicates that 2 million supporters supporting Crypto can decide the results of the Australian Federal elections for this week, the Crypto barely mentioned a mention during the campaign.
“I think it’s a lost opportunity,” said the founder of independent reserves, Adrian Berzelosni, told CointelegrarPh. “None of the two sides made a problem with the title because they were cautious against attracting voters or seemed very specialized.”
But the good news is that after more than a decade of failure to work, both the Australian Labor Party (ALP) and the liberal opposition Party are the enactment of encryption systems that have been developed in consultation with the industry.
In April, the treasury secretary, Angus Taylor I promised To issue a draft encryption regulations during the first 100 days after taking office, while the Treasury itself has a draft bills on “Digital Asset Platforms” and “Update the Payments System” It is scheduled To issue this quarter.
Emmy Rose Judy, CEO of the Digital Economy Council in Australia, said that both parties are “the same in the same way to obtain the legislation project via the line.”
“Regardless of whoever enters, we are in a better position than we were about a year ago.”
The quarter-supporting voters enjoy options in the Senate, as well as the 23-page Bitcoin Party in March-calling to create a national Bitcoin coin (BTC) Reserve and acceptance of Bitcoin as a legal tendency.
The secondary party prepares five candidates for the Senate in different states, including former liberal deputy Craig Kelly, but he currently has no one in the Senate.
The left -wing left -wing Green Party did not specify a site on Crypto, while the right -wing nation party made a campaign against Debanking and CBDCs.
More than a decade of failure to encrypt
The first parliamentary investigation in Australia was resigned in digital assets in 2014, but there has been more than a decade of organizational inaction since then. The industry says this led to the recession and the depletion of talent talent in the judicial states such as Singapore and the United Arab Emirates.
The former liberal government was thinking about the teacher Digital Services LawBased on 2021 Recommendations Checking the Senate CommitteeWhen I lost his position in 2022. Despite Continuous consultations Since then, the ALP government, led by Prime Minister Anthony Albaniz, has not submitted any legislation to Parliament.
But there was definitely a recent conversion in the ice from Alp, as Treasury Secretary Jim Challenz told that digital assets “represent great opportunities for our economy.”
“We want to seize these opportunities and encourage innovation at the same time as the Australians are sure to use digital assets safely and safely with the appropriate organization.”
His office said that a project that was exposed to “2025” will be issued for consultation, which was presented to Parliament “once he looked at the comments” with subsequent reforms “in stages over time to reduce the disturbances of the current companies.”
The shadow treasurer, Locke Houth, said that Alp was slow to behave because he had no Blockchain policy when he was elected.
“The FTX collapsed was not even acknowledging the need for the organization,” said Cointelegraph. “The dairy government initially promised that it would put an organization by 2023, but it failed to formulate legislation or give a clear time frame to work. After three years, all that was presented to the industry was a document of the six -page deputy offices.”
It indicates a statement of the treasury march.To develop the innovative Australian digital asset industry“DAPS) license provides a Stablecoins payment framework and a strengthening of the augmented regulatory sand fund in Australia.
Related to: Evidence of encryption trading robots: strategies analysis and performance
Although she abbreviated the details, these goals are very similar to the priorities of the encryption regulating the Hourath to Cointelegraph – the big difference is that the opposition has committed to a faster time frame.
Przelozny praised a 100 -day promise “exactly the kind of urgency we need.”
If it is elected, the liberal party’s legislation is expected to take some of the sermon from Senator Andrew Prague Private member bill In 2023, others are the most modern work carried out by the treasury.
The government is making efforts
The Treasury was quietly formulating legislation this year, which Judy understood “almost complete.”
“There was a priority in the treasury, and I know that their team had almost doubled – the digital asset team – to write this legislation project. Therefore, there was an investment in that during the past six months.”
PRZLOZNY describes Alp’s approach as “cautious and methodological, but it was slow”, which gives priority to consumer protection and risk management.
Caroline Boller, CEO of BTC Markets, said that the election of the Trump administration is supportive and of the UK regulations (This week was releasedIt is possible that both sides are forced to become serious.
She said: “Australia has a compensation floor, and I expect this to be a worker in the fatty move by both parties.”
Stand with the encryption campaign and ASIC
The Stand With Crypto Campaign was active in Australia but was somewhat low during the campaign, focusing on Debanking.
Coinbase Administrative Director of Apac John O’Loghlen The name Anyone who wins in the elections to launch “CATF’s encrypted action team (CATF) within the first 100 days.” This will include industry and consumers representatives to obtain encryption regulations at the end on the line.
“If Australia does not move now, we are risking more than behind,” he told Cointelegraph.
“The next government must exceed consultation and legislation.”
The Australian Securities and Investment Committee (ASIC) is the local equivalent of the US Securities Packings (SEC). She released her own encryption Organizational Suggestions in December.
Related to: The first 100 days in Trump’s “worst in history”, despite the encryption promises
Joy Lam, Binance President of Global Organization and Apac Legal, told Cointelegraph that she does not expect ASIC to change suddenly in the direction if a new government came, as did the Supreme Education Council.
She said: “Aseik does not make the law.” “I don’t expect a full type of 180 because it is ASIC, it is independent, and it has its own mandate, but it is clear that it works in the legislative framework that the government will define it.”
Who should return the single encryption voters?
In February, a survey conducted by Yougov and SWYFTX found that 59 % of encryption users will Voting for a pro -profit candidate in the federal elections Above all other issues. This is equivalent to about 2 million Australians and will be sufficient to determine the outcome of the elections in one direction.
But the similarities between the main parties in regulating encryption are much greater than the differences. Judy said that both sides of politics have honestly participated with the industry about its fears and priorities.
She said: “You can see in some language through the publications of the media that both of them in March, April of this year, said that they agree on what industry issues are.”
Due to the Senator Prague campaigns on encryption, the industry sees the liberal party more enthusiastic about digital assets, but after three years in the government, Alp appears to have reached almost the same place.
The recent Yougov and Resolution polls indicate that the government is likely to be re -elected.
While the internal liberal polls Suggest The ALP minority government is a real possibility, and the main parties will have votes between them to pass the legislation from both parties.
Whatever happens, it appears that the year 2025 will finally provide that Australia provides the encryption industry with the certainty it needs.
“With regard to the industry, the timing is now very important because it is clear that it was discussed and kicked for a few years,” Lam said.
“I would like to say that we are optimistic with caution.”
magazine: ZK-PROBLIKS brings smart contracts to Bitcoin-Bitcoinos and Starknet
publish_date
