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Australia Dismisses Crypto Reserve, Prioritizes Regulation

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by Giorgi Kostiuk

5 hours ago

Australia has decided not to create a strategic crypto reserve, focusing instead on regulating digital and crypto assets.

Australia's Approach

The Australian government currently has no plans to establish a crypto reserve unlike the United States. A spokesperson for the Financial Services Ministry confirmed the priority is to develop a regulatory framework for digital assets.

Regulation Through Enforcement

Australia has been cautious with crypto regulation. In February 2025, AUSTRAC warned crypto businesses to adhere to anti-money laundering laws. In December 2024, ASIC fined Bit Trade AUD 8 million for illegal credit provision.

Market Reaction to Trump's Proposal

Donald Trump's plans include currencies like XRP, Solana, and Cardano for the U.S. crypto reserve. This sparked a market rally, with Bitcoin rising 8%, Ethereum 11%, and Cardano surging 66%.

While Australia emphasizes regulatory development, U.S. initiatives are driving market movements significantly.

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