Australia May Delay Cryptocurrency Regulation for Several Years

The Australian government is going to postpone the introduction of regulations for the cryptocurrency industry until 2025. Reason: declining interest of local investors in crypto assets. The Australian authorities were expected to introduce legal regulations for the oversight of the digital asset market by the end of 2022. Industry participants believed that officials would accelerate the development of standards for crypto companies after numerous bankruptcies of crypto lenders and exchanges. However, according to the Australian…