ter of the space. During a parliamentary address last November, he made it clear that Australia needs to strike the right regulatory balance—one that safeguards users while promoting innovation and growth.
Industry Insiders React: “This Is Big for Crypto”
Jason Titman, CEO of leading Australian exchange Swyftx, called Charlton’s appointment “unequivocally good news.” Speaking to Cointelegraph, Titman emphasized that the move would energize the local blockchain industry.
“Andrew has both the vision and the technical understanding to help Australia unlock blockchain’s potential,” Titman stated. “The industry has been waiting six or seven years for a clear regulatory framework. We hope he can accelerate that process.”
He wasn’t the only one to weigh in. Vakul Talwar, head of Crypto.com’s Australian division, echoed the sentiment, describing the appointment as a reflection of the increasing relevance of digital assets in the country’s economic strategy.
“Since the last election, the crypto sector has grown significantly. As the digital economy merges with traditional finance, having someone like Charlton in a leadership role helps ensure the right regulations are put in place,” Talwar noted.
Crypto Adoption Rising Fast in Australia
Australia’s crypto user base is growing rapidly. According to an April 4 report from Independent Reserve, approximately 31% of Australian adults—equivalent to around 6.2 million people—have either owned or currently own cryptocurrencies. This marks an increase from 28% the previous year, indicating a strong upward trend in adoption and interest.
With such a large portion of the population engaged in digital assets, industry leaders argue that regulatory clarity isn’t just helpful—it’s essential.
Edward Carroll, who heads global markets and corporate finance at MHC Digital Group, emphasized Charlton’s consistent track record of supporting a forward-looking financial environment.
“Charlton recognizes blockchain’s disruptive potential,” Carroll said. “He understands the importance of building a constructive regulatory environment that fosters both safety and innovation. His appointment will help Australia remain competitive on the global stage.”
Government Moves Toward Crypto Clarity
Charlton’s appointment isn’t happening in a vacuum. The Albanese-led Labor Party has already been working toward regulatory improvements. Back in March, the government proposed bringing crypto exchanges under the scope of existing financial services laws, signaling its intention to regulate the space more seriously.
Additionally, consultations that began in August 2022 are continuing, aimed at developing a comprehensive framework for digital assets and exchanges. Issues like debanking—where crypto firms are denied access to traditional banking services—are also on the agenda.
Damian Kassabgi, CEO of the Tech Council of Australia, said the inclusion of “digital economy” in Charlton’s title is more than symbolic.
“It’s a strong signal that the government sees this as a key area for future jobs and economic growth,” Kassabgi stated.
Final Thoughts
While Australia still has a long way to go before becoming a global crypto regulatory leader, the appointment of a known blockchain advocate to a government role specifically focused on the digital economy is a meaningful step. For now, industry participants are hopeful that the country will finally move from consultation to implementation—and that Charlton may be the person to help make that happen.
