According to TechFlow, Australian regulators plan to include stablecoin legislation in the legislative bill for the digital asset industry. Representatives of the Australian Securities and Investments Commission have held meetings with regulators such as the U.S. Securities and Exchange Commission to discuss the legal position of cryptocurrencies. The Australian Treasury plans to release draft legislation covering crypto asset provider licensing and custody rules by the end of 2024, which may include a stablecoin regulatory framework. ASIC will continue to provide guidance and warn crypto entities to comply with the precedents of recent cases filed against crypto entities. Blockchain Australia has been renamed the Australian Digital Economy Committee (DECA) and will include membership categories including banks.