Australian Senator Proposes Crypto Bill Targeting China\'s Digital Yuan
Australian Liberal Senator Andrew Bragg has introduced a significant crypto bill designed to regulate crypto assets and address concerns surrounding China\'s digital yuan (e-CNY). The bill aims to ensure Australia "keeps up with the global pace" in handling digital asset regulations, as reported on 19 de sept. de 2025.
Senator Bragg\'s private member’s bill, drafted on 16 de sept. de 2025, seeks to regulate crypto exchanges and stablecoin issuers. A key focus, as highlighted on 21 de sept. de 2025, is targeting the potential widespread use of China\'s central bank digital currency in Australia.
The proposal, scheduled for introduction when parliament next sits (19 de sept. de 2025), lays out disclosure requirements for banks that could make China\'s digital yuan available for use in Australia. This measure is intended to prepare the country for the implications of the e-CNY\'s adoption, as per the draft digital assets bill. Senator Bragg aims to implement new rules governing crypto exchanges and Chinese banks dealing with the e-yuan (19 de sept. de 2025).
Essentially, Australian politician Andrew Bragg wants to prepare the country for the widespread use of China\'s central bank digital currency, the digital yuan, according to a draft digital assets bill introduced (19 de sept. de 2025).