Australia Appoints Andrew Charlton to Advance Digital Economy and Asset Regulation

According to BlockBeats, the Australian government has appointed Andrew Charlton as the Assistant Minister for Technology and Digital Economy, alongside his role as Cabinet Secretary. This move is part of efforts to modernize the technology sector and enhance digital asset regulation. The appointment comes amid Australia's increased focus on regulating digital assets. Under new regulations, major cryptocurrency platforms are required to obtain an Australian financial services license, while smaller businesses and non-financial service entities may be exempt. The reform aims to align with international standards such as the EU's MiCA and Singapore's Payment Services Act.