pc
nid 92996
Jun 05, 2026
kgurnani@vixio.com
Australia
The Treasury
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1751 charsAustralian Treasury Responds to Senate Report on Digital Assets Market Regulation Bill
On June 4, 2026, the Australian Treasury published its response to the Senate Economics Legislation Committee's report on the Digital Assets (Market Regulation) Bill 2023. The government tabled this response on March 31, 2026, addressing four recommendations made by the committee.
The government's response indicates varied levels of support across the committee's recommendations. It supports one recommendation in full, notes two recommendations without committing to full support, and supports one recommendation in principle. This mixed response suggests the government is considering the committee's feedback while maintaining discretion on implementation of certain proposals. The Digital Assets (Market Regulation) Bill 2023 represents a significant regulatory development for Australia's cryptocurrency and digital asset sector, establishing a comprehensive market regulation framework for these emerging asset classes. The Senate Economics Legislation Committee's inquiry examined the bill's provisions and their potential impact on market participants, consumers, and the broader financial system. The government's response demonstrates engagement with parliamentary scrutiny of the legislation, though the specific nature of each recommendation and the government's reasoning for its position on each remains detailed in the full response document.
The Treasury's response provides the government's formal position on the committee's findings and recommendations, which may inform further legislative development or implementation of the Digital Assets (Market Regulation) Bill 2023. Stakeholders in the digital assets sector should monitor any subsequent legislative amendments or regulatory guidance that may follow from this response.
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1751 charsAustralian Treasury Responds to Senate Report on Digital Assets Market Regulation Bill
On June 4, 2026, the Australian Treasury published its response to the Senate Economics Legislation Committee's report on the Digital Assets (Market Regulation) Bill 2023. The government tabled this response on March 31, 2026, addressing four recommendations made by the committee.
The government's response indicates varied levels of support across the committee's recommendations. It supports one recommendation in full, notes two recommendations without committing to full support, and supports one recommendation in principle. This mixed response suggests the government is considering the committee's feedback while maintaining discretion on implementation of certain proposals. The Digital Assets (Market Regulation) Bill 2023 represents a significant regulatory development for Australia's cryptocurrency and digital asset sector, establishing a comprehensive market regulation framework for these emerging asset classes. The Senate Economics Legislation Committee's inquiry examined the bill's provisions and their potential impact on market participants, consumers, and the broader financial system. The government's response demonstrates engagement with parliamentary scrutiny of the legislation, though the specific nature of each recommendation and the government's reasoning for its position on each remains detailed in the full response document.
The Treasury's response provides the government's formal position on the committee's findings and recommendations, which may inform further legislative development or implementation of the Digital Assets (Market Regulation) Bill 2023. Stakeholders in the digital assets sector should monitor any subsequent legislative amendments or regulatory guidance that may follow from this response.