Source: SmartCompany via Canva.
article-article-body
The last couple of federal budgets have been devoid of cryptocurrency and blockchain mentions. This year has been a little different, with the government throwing a $7.5 million shared bone at a regulatory framework that includes digital assets.
If you go looking for “cryptocurrency” or “blockchain” in the 2024-25 budget papers, you’re not going to find anything. However, they do get a small look in via the fintech space.
According to the budget, the federal government is setting aside $7.5 million over four years (and $1.5 million per year ongoing) to “modernise regulatory frameworks for financial services to improve competition and consumer protections for services enabled by new technology”.
ABOUT THE AUTHOR
Senior Technology Journalist
Tegan Jones is a senior technology journalist at SmartCompany. A multi-award-winning journalist, she has been reporting on technology, telecommunications and gaming for the past 10 years. She regularly appears on mainstream media channels as an expert tech commentator. Her previous roles include editor of Gizmodo Australia and global reviews editor at Finder. She has also served as a reporter and editor across Business Insider, Lifehacker and Kotaku Australia. Tegan was the co-host of one of the top technology podcasts in Australia, Queens of the Drone Age. You can find her on Twitter @Tegan_Writes.
Handpicked for you
The word ‘startups’ only appeared once in the 2024 federal budget
This year's budget was quiet for the startup and tech sectors. In fact, the word 'startups' only appeared once across all four budget papers.
No love for entrepreneur programs in this year’s budget
The Australian startup sector didn’t get a great deal of love from this year’s federal budget. Outside of a handful of measures, most of the benefits were tangential.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.