In response to Donald Trump’s ambitious plan to make the United States the global capital of digital currencies, the Australian government stated that it has no plans to create a strategic reserve of digital currencies. In an interview with Sky News Australia, the spokesperson for Australia’s Minister of Finance and Deputy Treasurer, Stephen Jones, emphasized that Australia’s priority is to develop and implement legal frameworks to regulate digital asset platforms instead of storing digital currencies. He further explained the Albanese government’s approach, stating, ‘We are currently negotiating the proposed framework to establish an effective regulatory system in the digital asset sector and will maintain close cooperation with industry stakeholders.’
