With the increasing use of cryptocurrencies around the world, government regulation and legal norms are also trying to ensure that the operation and development of this new thing has been introduced. At the G20 central bank and finance ministers summit, how to strengthen the supervision of cryptocurrency has become a topic of focus. Representatives of various countries have expressed different voices on how to promote the development and integration of the decentralized financial system.

​Unlike some countries and governments that choose to resist cryptocurrencies or adopt strict regulatory attitudes, Australia has adopted a very proactive and forward-looking strategic vision, and on the appropriate normative system, it has adopted an open approach to the promotion and development of cryptocurrency. The policy is to maintain an encouraging attitude in exploring future applications of cryptocurrency. This also makes Australia a policy-leading advantage in the global blockchain and cryptocurrency sectors, and will certainly make Australia one of the best choices for emerging global tokens.

Australia's cryptocurrency market is very active, large and rapidly expanding, ranking only 14th in the world for Bitcoin's holdings. In July 2017, Australia officially recognized the legal status of Bitcoin. In April 2018, AUSTRAC, the Australian Transaction Report Analysis Center, officially promulgated the regulatory rules for cryptocurrency transactions, and fully protected the healthy operation of the cryptocurrency market at the policy and regulatory levels. For the current confusing global cryptocurrency market, Australia's approach is setting a new model for token trading venues around the world and making Australia the preferred location and natural choice for an increasing number of ICO issuers.

​The cryptocurrency exchange is located in Australia for a filing system to obtain relevant qualification licenses and to comply with compliance requirements such as anti-money laundering and counter-terrorism financing laws. Although the relevant regulatory rules seem to limit the free development of cryptocurrencies, based on the current fraud problems, the above-mentioned rules of Australian regulators are precisely to reduce the anonymous encryption and de-correlation due to blockchain and cryptocurrency. The negative consequences of centralization. At the same time, the normative ICO exchange registration system and related preventive policies against financial fraud are also able to some extent in the case of ordinary investors' lack of understanding and screening ability for cryptocurrency and the mechanism behind ICO. Significantly enhance investors' confidence in the future development of the cryptocurrency market, contributing to the long-term development of blockchain technology and the cryptocurrency market.