Australia Appoints Tech-Savvy Assistant Minister to Lead Crypto Regulation Efforts

Australia has appointed Andrew Charlton as the new Assistant Minister for Science, Technology, and the Digital Economy, alongside his role as Cabinet Secretary.

This move aligns with the government’s efforts to regulate digital assets and modernize the tech sector. Prime Minister Anthony Albanese praised Charlton’s experience and economic expertise, emphasizing his focus on AI, digital economy, and crypto regulation. The government is preparing to introduce major crypto reforms. Including requiring large platforms to obtain an Australian Financial Services License.

Draft legislation is expected later this year, with the aim to align Australia’s regulatory framework with global standards like the EU’s MiCA and Singapore’s Payment Services Act.

Clever Robot News Desk 14^th May 2025