Cryptocurrency adoption in Australia faces stagnation as trust declines despite government regulatory efforts

A recent report from Swyftx shows that 60% of Australians do not trust cryptocurrencies, an increase from 57% in 2024. This stagnation in trust has led to flat ownership levels despite government reforms intended to regulate the market.

The Australian government is pushing for clearer regulations to enhance consumer protection and encourage crypto investments. Young Australians under 35 are notably the most active investors, despite the general skepticism surrounding digital assets.