The Australian government is not currently considering a strategic coding reserve, although US President Donald Trump announced the effort in the United States just a few days ago.
US President Donald Trump announced on March 2 that the president’s work group on digital assets was directed to include XRP (XRP), Solana (Sol), Cardano (Ada), Bitcoin (BTC) and ETHER (ETH) in the Crypto strategic reserve.
A group of other American countries is also studying adding encryption to their public budgets.
However, it is understood that the current ruling party in Australia has no plans to create an encryption reserve.
A spokesman for the Australian Treasury Secretary and Minister of Finance Service Stephen Jones told Cointelegraph that the government focuses on organizing digital assets platforms.
The spokesman said: “The government of Albans has consulted in the framework of our proposed work to build a regulatory system for the digital assets for purposes, and we continue to work closely with the industry.”
“The dairy government knows that digital assets and digital assets provide great opportunities for our economy, financial sector and innovation.”
However, the government’s change on the horizon of Australia can be. Constitutional, new federal elections must be held in or before May 17, and the latest YouGov poll He appears The center -right coalition occupies a slight progress over the working government on the center, which led to 51 % to 49 %.
A coalition spokesman did not immediately respond to the comment.
Speaking to CointeleGRAph, Tom Matthews, head of corporate affairs at Australian Crypto Exchange Swyftx, said that although the idea of reserve is popular, it can be “complicated”, and if not properly managed to create the possibility of focusing with some symbols.
“If one of the main goals of your country’s strategic reserve is the hedge of crises, then the fluctuations of encryption prices are a problem.” It is difficult to see where the political traction will come from. ”
Matthews is likely to be a scenario that is likely the appearance of only a long sovereign wealth that carries encryption.
Jonathon Miller, Managing Director of Cracorin, Australia, told Cointelegraph that Crypto has already proven firmly as an investment asset, as the investment funds traded in the main stock exchanges, pension funds and sovereign wealth funds have already for some time.
“If this is suitable for them, it is certain that it deserves to consider the long -term asset allocations such as the Future Fund and even the Treasury,” he said.
Related to: The encryption voters can raise the upcoming Australian Federal elections: Yugov poll
This comes at a time when the country’s organizers have made plans to transform the focus towards the encryption industry.
Brendan Thomas, CEO of the Australian Analysis Center, said in December last year that the anti -money laundering regulator was converting its focus into the coded currency industry in 2025 amid a campaign against ATM providers who may lead to anti -money laundering laws.
The Australian Securities and Investment Committee issued a consulting paper on the suggested guidance of Crypto in December as well, as it has placed many digital assets under the category of financial products and requires companies that deal in Crypto their license.
The country has also emerged as a bitcoin center and coded ATM materials, with ATM radar data for the coin. Show It has the third largest number around the world with more than 1453 ATMs, up from 67 in August 2022.
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