The Australian government's plans for crypto regulation have taken a hit following revelations about Labor minister Andrew Charlton's ties to the industry.
Charlton, who is running point on the government's crypto legislation, has faced questions over his relationship with a cryptocurrency firm that made a $50,000 donation to a charity he supports.
The contribution was made public in recent weeks, sparking concerns about potential conflicts of interest and undue influence. While Charlton has maintained that he has followed all necessary protocols, the controversy has renewed calls for greater transparency in the government's handling of crypto regulations.