Australia's recently introduced New Digital Assets Bill aims to implement measures and regulations designed to address and mitigate the issues that have plagued the cryptocurrency sector in the past, thereby ensuring greater stability, security, and investor protection in the rapidly evolving digital assets market. This legislative initiative seeks to learn from previous failures in the crypto space, such as fraudulent schemes, lack of oversight, and market volatility, in order to create a more robust framework that fosters innovation while safeguarding the interests of consumers and maintaining the integrity of the financial system.
source: https://www.coindesk.com/policy/2025/11/27/australia-s-new-digital-assets-bill-seeks-to-prevent-past-crypto-failures