Down under, the Australian government is gearing up for a crypto overhaul, announcing plans for draft legislation in 2025. Aimed at tackling debanking woes faced by crypto firms with major banks, this initiative promises to bring much-needed clarity to the sector. Officials emphasized fostering innovation while ensuring consumer protections, a balancing act that’s caught the attention of global markets. With Australia positioning itself as a blockchain-friendly hub, this could spark a ripple effect for other nations watching closely. Expect more updates as the draft takes shape later this year.
