Australia appoints pro-crypto assistant minister for digital economy
The new assistant minister role includes oversight of digital assets, AI and emerging tech, signalling government focus on future growth.
Australia’s crypto sector has welcomed the appointment of Andrew Charlton as Assistant Minister for the Digital Economy. Charlton, a known supporter of blockchain, will also oversee AI and emerging technologies. He will work alongside Minister Tim Ayres.
Prime Minister Anthony Albanese confirmed the appointment during a press conference in Canberra on 12 May.
Charlton has previously called for balanced regulation that supports growth in the digital asset sector. Industry leaders believe his appointment marks a step towards long-awaited clarity.
Jason Titman, CEO of Swyftx, described the move as ‘unequivocally good news’. He said Charlton truly understands blockchain and believes in its potential to support Australia’s economy. Many now hope he will fast-track overdue legislation around digital assets.
Vakul Talwar, head of Crypto.com’s Australian division, said the appointment shows the growing importance of the digital economy. Since the 2022 election, the sector has grown significantly.
More than 6.2 million Australians now own or have owned crypto. Edward Carroll of MHC Digital Group said Charlton’s pro-digital stance could help the country keep pace with global regulation while supporting innovation.
The government’s decision to include ‘digital economy’ in Charlton’s title signals a strong focus on tech-led growth. The re-elected centre-left Labor Party has already proposed a regulatory framework for crypto exchanges.
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