International law

Australia Gives the ‘Green Light’ to Cryptocurrency: When Trust Becomes an Asset

Monday, Oct/13/2025 - 09:37
Listen to Audio
0:00

(L&D) - Australia’s new legal framework not only legalizes cryptocurrency but also lays the foundation for the future digital economy.


After years of existing in a “legal grey zone,” cryptocurrency in Australia is witnessing a major turning point. The federal government has just released a draft law on digital asset management — a legal framework that experts describe as both stringent and pragmatic, aiming to protect investors while encouraging innovation.

This move comes as global financial markets are redefining the role of digital assets. From the United States to Singapore, policymakers are seeking ways to “bring crypto into the legal orbit” without stifling creativity. For Australia, this is a defining moment — a choice between becoming a digital financial hub or standing on the sidelines of the global blockchain game.

Australia has long been regarded as one of the most dynamic cryptocurrency markets in the world.

For more than a decade, Australia has been one of the most dynamic crypto markets in the world. According to the Independent Reserve Cryptocurrency Index 2025, 31% of Australians have invested in or owned digital assets — a remarkable figure for a nation of just 26 million people.

Yet behind this growth lie significant risks: exchange bankruptcies, abandoned tokens, and unprecedented legal disputes. Lawsuits brought by the Australian Securities and Investments Commission (ASIC) — most notably the case against Binance Australia for allegedly violating user rights — have sent a clear message: the market cannot thrive without clear rules.

Legalization is not merely about control; it is about establishing trust — the prerequisite for institutional capital to flow in. As fintech expert Michael O’Shea remarked, “Cryptocurrency only truly becomes an asset when it is recognized by law. Law is the foundation, while trust is the fuel that powers the market.”

The draft law is considered one of the most balanced approaches between regulation and innovation — neither “throwing the doors wide open” like El Salvador, nor “tightening the noose” like China. The reform is not merely symbolic; it has triggered a wave of tangible investment readiness.

Immediately after the draft was released, major international exchanges such as Gemini and Kraken announced plans to expand operations in Sydney, registering under the supervision of AUSTRAC. Leading banks including Commonwealth Bank and NAB are testing digital wallet integration and tokenized stock trading.

According to The Australian Financial Review, institutional capital in Australia’s digital asset sector could double within the next 12 months as legal barriers are lifted.

At the macro level, crypto is becoming an extension of Australia’s financial market — no longer merely a speculative asset, but a structured financial instrument that can be integrated into traditional investment portfolios.

As analyst Sarah Nguyen in Sydney observed, “A regulatory framework is essential, but it must be flexible enough not to stifle innovation. Innovation cannot grow on a foundation of fear.”

If enacted, the new law will not only transform how crypto is traded but will also reshape Australia’s financial system in the coming decade. With its stable economy and transparent financial infrastructure, Australia has the potential to become the digital asset hub of the Asia–Pacific region, standing alongside Singapore and Hong Kong.

Australia’s new legal framework is an official declaration that “crypto is no longer on the periphery.” From a once-skeptical market, crypto is emerging as a cornerstone of the digital economy — and the trust of millions of Australians stands as the clearest testament to that transformation.

Related articles

EU imposes a 50% tariff to protect the steel industry: A resolute move to safeguard the “heart” of Europe’s industry.

EU imposes a 50% tariff to protect the steel industry: A resolute move to safeguard the “heart” of Europe’s industry.

International law

(L&D) - The European Commission (EC) has just announced a plan to double the import tariff on steel to 50% and cut nearly half of the existing import quota. This move is considered a strong measure to protect the steel industry — the backbone of Europe’s manufacturing sector — from the influx of cheap steel from China.

Scenario for the U.S. Government to resume the operation of the national apparatus

Scenario for the U.S. Government to resume the operation of the national apparatus

International law

(L&D) - After several days of paralysis due to a budget impasse, the U.S. government remains in a state of shutdown, with very few positive signals from either party. Observers believe that this crisis could last longer than expected, and that there are currently four possible scenarios that could help the United States break out of the deadlock.

The United States Government shuts down for the first time in six years - The suspension of numerous programs and services

The United States Government shuts down for the first time in six years - The suspension of numerous programs and services

International law

(L&D) - On October 1 (U.S. time), the United States Government officially entered into a shutdown because Congress and President Donald Trump failed to reach a timely budget agreement, resulting in the suspension of numerous programs and services.

The Framework Act on Artificial Intelligence of the Republic of Korea

The Framework Act on Artificial Intelligence of the Republic of Korea

International law

The Framework Act on Artificial Intelligence and the Establishment of a Trustworthy Platform was enacted by the National Assembly of the Republic of Korea on January 21, 2025.

Sharing the Federal Republic of Germany’s Experience in Receiving and Handling Citizens’ Feedback and Petitions

Sharing the Federal Republic of Germany’s Experience in Receiving and Handling Citizens’ Feedback and Petitions

International law

(L&D)-Continuing the working program in France, from September 19 to 21, 2025, the delegation of the Ministry of Justice, led by Deputy Minister Dang Hoang Oanh, visited and held working sessions with several agencies and organizations of the Federal Republic of Germany. Mr. Luong Xuan Dong, Consul General of Vietnam in the State of Hessen, attended the delegation’s meetings in Hessen.

President Luong Cuong meets with Vietnamese–American war veterans

President Luong Cuong meets with Vietnamese–American war veterans

International law

On September 22, local time, President Luong Cuong met with Vietnamese–American war veterans during his official visit to New York City to attend the General Debate of the 80th UN General Assembly, combined with bilateral activities in the United States.

A delivery man found a gold bar weighing over 2 kilograms and immediately handed it over to the police.

A delivery man found a gold bar weighing over 2 kilograms and immediately handed it over to the police.

International law

A man in Shenzhen, China, found 2 kilograms of gold worth nearly 2 million yuan (around 7.4 billion VND) but showed no sign of greed, choosing instead to hand it over to the traffic police.

US Rejects Ceasefire Call in Gaza, Israeli Tanks Attack Gaza City

US Rejects Ceasefire Call in Gaza, Israeli Tanks Attack Gaza City

International law

On September 18, the United States once again used its veto power to block a United Nations Security Council resolution calling for a ceasefire in the Gaza Strip, shielding its ally Israel from significant diplomatic pressure, according to AFP.

Read a lot