EddieJayonCrypto

 16 Apr 25

tl;dr

Coinbase urges Australian voters to support digital asset reform in the upcoming federal election, highlighting the country's vague and underdeveloped crypto policies. Coinbase's APAC Managing Director, John O’Loghlen, called for five key government actions, including creating a crypto taskforce, ad...

Australia's upcoming federal election could be a turning point for cryptocurrency regulation, as Coinbase urges voters to support digital asset reforms that encourage innovation, protect consumers, and boost investment.


Despite Australia's high crypto adoption rate, the unclear regulatory landscape is prompting talent and capital to move to countries like Singapore and Dubai, threatening Australia's leadership in Web3 innovation.


Coinbase recommends that the government take immediate action by establishing a crypto taskforce within its first 100 days, addressing debanking challenges, enabling stablecoin usage, clarifying tax policies, and providing support for Web3 startups.


The Australian Treasury plans to mandate licenses for major crypto exchanges and improve regulatory oversight, but Coinbase criticizes these measures for unfairly targeting everyday Australians, likening them to being treated as criminals.


Recent data indicates that while many Australians have tried crypto, even households with high incomes remain cautious about large investments, with only a small percentage holding substantial crypto portfolios.


John O’Loghlen, Coinbase’s APAC Managing Director, emphasizes the need for clear policies to foster innovation and attract long-term investment, warning that without urgent government action, Australia risks losing its competitive edge as Web3 builders migrate overseas.


The campaign ahead of the May 3 election brings crypto regulation into focus, with Coinbase calling on the next government to shift from consultation to legislation to avoid falling behind in the global crypto race.

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 18 Jul 25
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