Another federal election in Australia, established in mid -May, may be a key point of inflection for participation in institutional cryptography, in accordance with the newly appointed Credage Exchange OKX Australia.

In an interview with Cointelegraph, CEO of OKX Australia, Kate Cooper, said that one of her hope for the upcoming election is to introduce cryptographic regulations that have already been designed and consulted over the last two years.

In August 2022, the Australian government announced that it would initiate a series of consultations with industry players, investors and interested parties to develop regulatory framework for the cryptocurrency sector.

“I think that the industry as a whole calls for the transparency of regulation, as well as regulation for position,” she said.

According to Cooper, there is already a influx of retail users thanks to the current bull market, but regulatory transparency will stimulate greater institutional adoption.

Before glowing A helmet in OKX 6 March Cooper had stays at the major of Australian banks of NAP, where she was the Director for Digital Asset and the Head of Innovation, as well as in Westpac as the head of innovation.

She was also the Australian General Director of the Institutional Cryptocurrency Platform Zodia Afustody.

“Certainly, when I was in Nab, a key barrier to really entering or going beyond the stage of proof of the concept was regulatory transparency,” she said.

“I think that in order to accept institutional, we need regulatory transparency. I think that for retail consumers, almost a third of Australians already have some form of digital assets, mainly cryptocurrencies; They need protection. “

The change of government can be on the horizon in Australia, and the federal elections will take place on May 17 or earlier.

The two main contenders are a central coalition and the current government, the middle labor party. The latest Yougov survey can be seen A coalition with a slight advantage over the labor government, conducting 51% to 49%.

Meanwhile, cryptocurrency investors may be an influential voting block, and the study on February 19 from 1931 among 2031 Australian voters stated that 59% of current cryptographic investors are more likely to vote for a pro-trial candidate.

If the winning party were to implement the regulations, Cooper predicts that “spreading activities with stableins” may occur.

“We saw globally 2024 as a year of Stablecoin, moving out of the evidence of the concept and for applications in the real world,” she said.

“Assuming that there is a brightness new regulatory framework, I know that there are players in Australia who can take this opportunity.”

Related: Australian cryptographic investors sitting off the beaten track “to get more clear rights: CEO of Swyftx

Stablecouins was recorded a huge party in 2024, and the annual volume of Stablecoin transfer reached $ 27.6 trillion, exceeding the total volumes of visa and Mastercard by 7.7%, according to the Crypto Exchange Cex.io.

Cooper claims that the banking community, for example, is more involved in cryptographic and digital assets as the first new class of assets in 25 years.

“It was a long journey, but we certainly observe increased maturity in accepting banks. I think we are moving […] For real, real use-she added.

Leading to the election, he understood that the current ruling party of Australia was not planning to establish a cryptographic reserve, despite the fact that US President Donald Trump announced efforts in the United States on March 2.

Cooper claims that the decision is understandable because “Australia has a more conservative watch and sees the approach to other jurisdiction.”

However, he believes that regardless of who wins the election, they must deal with how Australia positions himself as a leader in the digital economy and create a strategy of using the blockchain potential.

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