Australia's Crypto Assets adoption rate has stagnated, trust has declined, and the government is accelerating regulatory reforms.

According to Mars Finance, a recent survey by Australian crypto assets exchange Swyftx shows that despite the government launching comprehensive regulatory reforms, the Australian crypto market remains stagnant, and public trust continues to decline. Nearly 60% of Australians say they do not trust crypto assets, an increase of 3 percentage points from last year. Young investors remain the market makers, with 82% of Generation Z traders reporting profits, with an average gain of about 9,958 AUD. The Albanese government has launched several reforms this year, including an exchange licensing system, a stablecoin regulatory framework, and a payment system modernization bill. Swyftx CEO Jason Titman stated that once regulatory regulations are formally established, millions of Australians are expected to enter the crypto market.