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In this update, we outline Treasury’s token mapping approach – a key first step to future regulatory reform for crypto in Australia. We firstly set out the key concepts On, the Australian Treasury issued a consultation paper (CP) on token mapping, which sets out a number of key concepts to describe the crypto The Australian Treasury will launch a token mapping exercise as part of its bid to regulate the crypto space. It will release a public consultation paper soon. The On, the Government announced ‘token mapping’ – a foundational step in the Government’s multi‑stage reform agenda that commits to developing regulatory framework in Australia, highlighting gaps and impediments to the growth of the RWA tokenisation market, and proposes a series of policy recommendations designed to foster a This year, Treasury will token map the Australian cryptocurrency market before publishing a formal consultation document with the industry proposing a legal The Senate Committee on Australia as a Technology and Financial Centre recommended a token mapping exercise to identify the best way to define and characterise

Australia to Use Crypto Token Mapping to Regulate Markets

Australia is taking a significant step towards regulating the crypto market with a comprehensive "token mapping" exercise. This initiative, spearheaded by the Australian Treasury, aims to provide clarity and establish a robust framework for the burgeoning digital asset space.

The Australian Treasury will launch a token mapping exercise as part of its bid to regulate the crypto space. It will release a public consultation paper soon. This year, Treasury will token map the Australian cryptocurrency market before publishing a formal consultation document with the industry proposing a legal framework.

What is Token Mapping?

Token mapping is a process of identifying and classifying different types of crypto assets based on their underlying characteristics and functions. The Senate Committee on Australia as a Technology and Financial Centre recommended a token mapping exercise to identify the best way to define and characterise crypto assets. On, the Government announced ‘token mapping’ – a foundational step in the Government’s multi‑stage reform agenda that commits to developing regulatory framework in Australia.

Treasury\'s Approach to Crypto Regulation

In this update, we outline Treasury’s token mapping approach – a key first step to future regulatory reform for crypto in Australia. We firstly set out the key concepts. On, the Australian Treasury issued a consultation paper (CP) on token mapping, which sets out a number of key concepts to describe the crypto asset landscape.

Why is Token Mapping Important?

By understanding the nature of different crypto tokens, regulators can develop tailored rules and policies that address the specific risks and opportunities associated with each type. This targeted approach is crucial for fostering innovation while protecting consumers and maintaining financial stability.

The token mapping exercise will also highlight gaps and impediments to the growth of the RWA tokenisation market, and proposes a series of policy recommendations designed to foster a thriving digital asset ecosystem in Australia.

Stay tuned for updates as the Australian Treasury progresses with its token mapping initiative and subsequent regulatory reforms.

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