Australia has appointed Andrew Charlton as Assistant Minister for Science, Technology, and the Digital Economy, signaling the government’s intent to accelerate digital asset regulation and modernize its tech sector. Charlton will also serve as Cabinet Secretary, underscoring the strategic significance of his expanded portfolio.
Prime Minister Anthony Albanese confirmed the appointment on Monday, describing Charlton as “exceptionally qualified” due to his strong economic credentials and international policy experience. Albanese noted that Charlton will collaborate closely with Minister Tim Ayres on emerging technologies, including artificial intelligence and blockchain, and their growing role in reshaping Australia’s economy.
“His policy role will be to particularly work with [Minister for Science, Technology and the Digital Economy] Tim Ayres in the industry area on new technology, AI, all of that impact that it’s going to have on the nature of work and the changing nature of our economy,” Albanese said during a press briefing in Canberra.
The appointment has been met with enthusiasm from Australia’s crypto sector. Caroline Bowler, CEO of BTC Markets, hailed it as “a clear commitment to collaboration and effective policy delivery,” adding that Charlton’s understanding of the digital economy positions him well to support future-ready infrastructure.
As Australia prepares to roll out a comprehensive overhaul of its digital asset regulatory framework, Charlton’s role is expected to be pivotal in aligning innovation with policy—ensuring the nation remains globally competitive in the digital era.
Charlton’s Appointment Reinforces Australia’s Push Toward Crypto Licensing
Charlton’s appointment comes as the Albanese government intensifies efforts to build a robust licensing regime for cryptocurrency platforms. His new role builds upon his previous work as Special Envoy for Cyber Security and Digital Resilience, where he co-authored a March 2025 policy statement with Assistant Treasurer Stephen Jones.
The roadmap outlined in that statement calls for harmonizing Australia’s crypto rules with global standards, including the European Union’s Markets in Crypto-Assets (MiCA) framework and Singapore’s Payment Services Act.
Industry voices have welcomed the direction. Sydney-based MHC Digital Group praised Charlton’s pragmatic stance, highlighting his acknowledgment of blockchain’s transformative potential and his support for policies that balance innovation with systemic risk mitigation.
With Charlton now formally positioned to shape digital economy strategy, the Australian crypto community is looking for clear, enforceable rules that provide market certainty while enabling responsible growth.
Australia Advances Crypto Licensing, Tackles Debanking Risks
Alongside Charlton’s elevation, the Australian government is progressing with its proposed licensing framework for digital asset service providers. Under draft proposals, major crypto platforms would be required to obtain an Australian Financial Services Licence (AFSL), while smaller or non-financial operators may be exempt.
The reforms aim to deliver long-awaited clarity for the sector and prevent regulatory arbitrage. In addition to licensing, Treasury officials are also working to address the issue of “debanking”—where traditional banks withdraw services from crypto businesses due to perceived risk.
In a recent Treasury consultation paper, officials called for clearer standards around risk assessment and compliance to ensure fair access to financial services. Engagements with major banks are already underway.
Draft legislation is expected later this year, with the Australian Securities and Investments Commission (ASIC) also preparing updated guidance to ensure alignment with the new framework.
Quick Facts
- Andrew Charlton has been appointed Assistant Minister for Science, Technology, and the Digital Economy, and Cabinet Secretary.
- His appointment signals Australia’s intent to fast-track digital asset regulations and align with international frameworks.
- Australia’s proposed reforms would require large crypto firms to obtain an Australian Financial Services Licence.
- The government is addressing “debanking” concerns in parallel, urging banks to develop clearer risk parameters for crypto businesses.
