According to Golden Finance, the current Australian government said there is currently no plan to establish a strategic reserve of cryptocurrencies, according to Cointelegraph. A spokesman for Australian Assistant Finance Minister and Financial Services Minister Stephen Jones told Cointelegraph that the Albany government is focusing on regulating digital asset platforms and is developing a regulatory framework suitable for digital assets. Tom Matthews, head of corporate affairs at Australian exchange Swyftx, believes that while the idea of ​​crypto reserves is popular, it can be "full of complexity" and can lead to concentrated risks for certain tokens. Kraken Australia managing director Jonathan Miller said cryptocurrencies have established their position as investment-grade assets.