Andrew Charlton (Parramatta, Australian Labor Party) Share this | Hansard source

Cryptocurrency is no longer just an emerging technology; it's an asset that is valued by millions of Australians. It represents a new frontier in finance, enabling innovation, efficiency and opportunity in ways we could not have imagined just a decade ago. The Australian government values this sector too, recognising its potential to drive economic growth, attract investment and cement our place as a leader in the digital economy.

Digital assets are more than a tool for transactions. They're an asset class in their own right, offering new avenues for wealth creation, financial inclusion and secure decentralised systems. Australians have embraced these possibilities, with millions already investing in or using cryptocurrency in their daily lives.

Our government is committed to getting this sector right. We're working to create a regulatory environment that on the one hand supports innovation but on the other manages risks and protects consumers. By collaborating with industry leaders, researchers and global partners, we aim to establish Australia as a safe, transparent and thriving hub for cryptocurrency and blockchain technology. This is a critical moment for this sector, and together we can harness the value of digital assets to build a resilient, inclusive and innovative future for our economy.

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