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Australia to Map Crypto Tokens as Part of Regulatory Ramp-Up

  • Government planning regulation of growing crypto sector
  • Treasurer says initial steps to include ‘token mapping’ assets
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Australia is beginning a review of cryptocurrency assets in the country to help better understand and regulate the industry.

Prime Minister Anthony Albanese’s government will make “token mapping” a priority this year to help identify which digital asset tokens are being used in Australia and how they should be regulated, Treasurer Jim Chalmers said in a statement on Monday, adding that a public consultation paper on the matter would be released soon.