Australian govt embarks on crypto stocktake ahead of sector regulation ‘Channel News Asia’ News Summary (Singapore) BEAMSTART


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Quick Summary AI Powered SYDNEY : Australia said on Monday it would do a virtual stocktake of the country's cryptocurrency holdings, the first signal from the new centre-left government that it plans to regulate the $1 trillion sector. FILE PHOTO: Representations of cryptocurrencies in this illustration taken January 24, 2022. Calls for intervention have increased since 2020 when COVID-19 stimulus payments and home working prompted a surge in the sector's popularity.