The Australian Treasury has proposed new regulations for cryptocurrency exchanges, which would see them regulated under existing financial services rules and introduce new guidelines for all Australian firms dealing in digital assets. The proposed regulations aim to provide a framework for industry growth and innovation, regulatory certainty for crypto service providers, and protection for everyday consumers and their assets.

Australian crypto exchanges have praised the proposals, with BTC Markets CEO Caroline Bowler calling them a positive progression for the wider crypto industry in Australia. However, some, such as Kraken Australia's Managing Director Jonathon Miller, have expressed concerns that the regulations will force the crypto industry into a traditional finance-shaped box.