Australia appoints Andrew Charlton as Assistant Minister for Technology and Digital Economy to promote Crypto Assets regulation.

On May 13, news came that the Australian government appointed Andrew Charlton as the Assistant Minister for Technology and the Digital Economy, while also serving as Cabinet Secretary, to advance the regulation of digital assets and the modernization of the technology sector. Prime Minister Anthony Albanese stated that Charlton's economic credentials and international experience make him fully qualified for this dual role. This appointment comes at a time when the Australian government is strengthening the regulation of digital assets. According to the new regulations, major crypto platforms must obtain an Australian financial services license, while small businesses and non-financial service institutions may be exempt. The reform plan aims to align with international standards such as the EU's MiCA and Singapore's Payment Services Act. BTC Markets CEO Caroline Bowle believes that this appointment reflects the government's emphasis on the development of the digital economy. As a former cybersecurity envoy, Charlton was involved in the formulation of the licensing system for crypto platforms. In addition, the government is consulting on the issue of "de-banking" in banks and plans to introduce relevant legislative drafts within the year. The Australian Securities and Investments Commission will also update its guidelines on digital assets.