The Australian government has appointed Andrew Charlton as Assistant Minister for Technology and Digital Economy, and concurrently as Cabinet Secretary, to advance the regulation of digital assets and the modernization of the technology industry. This appointment comes at a time when the Australian government is strengthening the regulation of digital assets. According to new regulations, major crypto platforms are required to obtain an Australian financial services license, while small businesses and non-financial service institutions may be exempt. The reform plan aims to align with international standards such as the EU's MiCA and Singapore's Payment Services Act. (Decrypt)