Cryptocurrency Is Here To Stay!
In the digital age, Senator Bragg believes Australia can be a leader in the regulation of digital assets.
As Chair of the Senate Select Committee on Australia as a Technology and Financial Centre, Senator Bragg oversaw the most significant Inquiry into FinTech and digital assets to date.
The Committee recommended a framework to regulate cryptocurrency, which was adopted as the policy by the former Liberal Government.
Since coming to power 16 months ago, the Albanese Labor Government has shown no interest in implementing meaningful crypto regulation.
The failure of the Government to implement crypto regulations is exposing consumers to an unregulated market and limiting Australia’s potential to become a global crypto hub.
In March 2023, Senator Bragg introduced a Private Senators’ Bill in an effort to introduce substantial crypto regulation in Australia. The Digital Assets (Market Regulations) Bill 2023 would introduce licensing for exchanges, custody requirements and stablecoins.
Senator Bragg will continue to advocate for the crypto regulations because he wants to see Australia have a thriving digital economy.
Since coming to power, the Albanese Labor Government has shown no interest in implementing meaningful crypto regulation.
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