Labor victory ensures ‘meaningful progress’ on | Australian Markets

Digital belongings trader BTC Markets has welcomed the re-election of the Albanese Labor Government, with the incumbent administration offering, it says, “the policy continuity and the stable governance” to meaningfully progress digital belongings sector reform.

Caroline Bowler, chief govt of BTC Markets, a main Australian-owned digital belongings exchange, mentioned the Albanese Government’s electoral victory brings “a legislative mandate and a timeline” for efficient digital belongings regulation.

She praised a earlier dedication from Labor to release draft laws on digital belongings within 100 days of the election in addition to its 2026 deadline for enacting a fit-for-purpose regulatory framework for Digital Asset Platforms (DAPs) and stablecoin fee systems.

The proposed draft laws seeks to improve the transparency of digital asset suppliers and merchants, present elevated shopper protections, and increase innovation and competitiveness within the digital belongings sector.

The reforms, Bowler added, will benefit by being constructed into the prevailing Australian Financial Services Licence (AFSL) regime.

“This approach avoids the pitfalls of imposing high-cost, restrictive market operator-style licences, and instead offers a principles-based structure that promotes innovation while safeguarding retail investors.”

She added: “It aligns Australia with international best practice, helping to attract foreign capital, retain local talent, and prevent further offshoring of digital asset businesses.”

The draft laws will cowl companies offering common digital asset merchandise (similar to cryptocurrencies and stablecoins) with an underlying custody association, together with trading platforms, custody merchandise and sure brokerage preparations. As properly, these offering advice on utilizing DAPs may even be coated by the laws.

Digital belongings may ship a notable financial boon to Australia, with international consultancy Accenture forecasting a $60 billion per 12 months bump to national GDP by 2030 as a end result of a well-regulated digital belongings sector.

Additionally, appropriately utilized DAP coverage levers may see the addition of up to 1,000 new start-ups and $15 billion to $20 billion in investment within the digital belongings sector in 2030.

BTC, based in 2013, counts more than 360,000 platform customers and over $28 billion in cryptocurrency traded, touting itself as Australia’s quickest digital asset trading platforms.