The Australian government stated that there are no plans to establish a strategic cryptocurrency reserve

Despite US President Trump's recent announcement that the US will establish a cryptocurrency strategic reserve, the Australian government is currently not considering establishing a similar reserve. A spokesperson for Australia's Treasurer Stephen Jones stated that the government will focus on regulating digital asset platforms and continue to cooperate with the industry to promote the development of suitable regulatory frameworks for digital assets.

At present, Australia has no plans to set up a crypto reserve, even though other US states are considering adding crypto assets to their balance sheets. As for whether Australia would adopt a crypto reserve, Tom Matthews from Swytfx believes this idea is complex and risky, potentially leading to concentrated risk in certain tokens. He predicts that there may be a sovereign wealth fund in the future whose main asset is cryptocurrency.

Meanwhile, Australian regulators are planning to shift their focus towards the crypto industry; anti-money laundering regulators have indicated they will strengthen regulation of the crypto industry by 2025.