Australia's Crypto Assets adoption rate stagnates, trust declines, and the government accelerates regulatory reforms.

ChainCatcher news, a latest survey from the Australian cryptocurrency exchange Swyftx shows that despite the government launching comprehensive regulatory reforms, the Australian crypto market remains stagnant, and public trust continues to decline. Nearly 60% of Australians express distrust in crypto assets, an increase of 3 percentage points from last year. Young investors are still the market makers, with 82% of Gen Z traders reporting profits, averaging around 9,958 AUD. The Albanese government has launched several reforms this year, including an exchange licensing system, a stablecoin regulatory framework, and a payment system modernization bill. Swyftx CEO Jason Titman stated that once regulatory laws are officially established, millions of Australians are expected to enter the crypto market.