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Australia Prepares for Virtual Crypto Stocktake Ahead of Sector Regulation

Australian Government Prepares for Virtual Crypto Stocktake Ahead of Plans for Sector Regulation

Australia said on Monday it would do a virtual stocktake of the country’s cryptocurrency holdings, the first signal from the new centre-left government that it plans to regulate the $1 trillion (roughly Rs. 79,86,850 crore) sector.

Treasurer Jim Chalmers said that his department would undertake “token mapping”, or cataloguing the types and uses of digital currency owned within the country, as a first step to identifying which cryptocurrency…


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