1. The Australian Senate Economics Legislation Committee has introduced the Digital Assets (Market Regulation) Bill 2023.

2. The bill's primary goal is to establish a licensing system for digital assets and impose reporting requirements for the circulation of the Australian Central Bank's digital currency (CBDC).

3. It provides clear definitions for digital assets, #digital #asset exchanges, and stablecoins, along with authorization requirements for various digital asset activities, including exchanges and custody.

4. The regulation of #crypto assets in #Australia hinges on whether they are considered financial products, subject to the #Corporations Act and ASIC Act, or not, regulated under the CC Act.

5. The bill, initially proposed by Senator Andrew Bragg, has undergone review and was set for a report by the Senate Economics Legislation Committee, with several delays before the final report date of September 4, 2023.