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Australia, as part of it's upcoming crypto regulations framework, plans to launch a Regulatory Sandbox to allow businesses to test financial products without a license and plans to work to understand the extent and nature of crypto de-banking

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10:00pm, Friday, February 28, 2025

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As part of its crypto agenda, Albanese’s government has also promised to work with Australia’s four largest banks to better understand the extent and nature of de-banking.
There will also be a review into a central bank digital currency and an Enhanced Regulatory Sandbox in 2025, allowing businesses to test new financial products without needing a license.
The Albanese-led government intends to release draft legislation in 2025 for public consultation and promised to work with Australia’s four largest banks to better understand de-banking.
The Government is also planning on addressing industry concerns of de-banking through its DAP licensing regime, it said in the white paper, to allow for banking partners to better engage in risk management.

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