The Australian government has decided against creating a strategic crypto reserve and will instead focus on regulating digital and crypto asset platforms. While the government did not explicitly rule out a crypto reserve, a spokesperson confirmed that their priority is building a regulatory regime for the industry. Australia has been cautious with crypto, recently warning businesses to comply with anti-money laundering laws. In December 2024, an Australian operator of Kraken was fined for illegal activities. Meanwhile, US President Donald Trump has announced plans to create a crypto reserve, causing a surge in Bitcoin and Ethereum prices.



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