The federal advisory suggests exploring four key areas to support a safer adoption for crypto in Australia and dampen cybersecurity threats.
Cyber Security Industry Advisory Committee, the Australian cybersecurity advisor, highlights various crypto-related opportunities for the government to undertake as it prepares for the global mainstreaming of cryptocurrencies.The study released by Australia’s Department of Home Affairs, titled ‘Exploring Cryptocurrencies’, cites the rise in crypto adoption as the country undergoes a rapid transformation to an advanced digital economy:“There is a need for regulatory settings that provide greater clarity and confidence about how the cryptocurrency market can operate in Australia.”The Federal advisory recommends exploration of four key areas that can “help ensure the safe adoption of cryptocurrencies in Australia” — minimum cyber security standards, capability (awareness t
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