More than four millions Aussies more likely to purchase cryptocurrency after new laws legislated, YouGov data shows

Millions of Australians are more likely to purchase cryptocurrency after the government legislates changes to regulate the volatile assets.

YouGov data shows more than four million Australians who do not own cryptocurrency are more likely to purchase the digital assets when they are regulated.

It comes as Labor has released draft laws for its digital currency legislation.

This law would require digital asset platforms to secure a licence under the Australian Financial Services legal regime.

This could push some investors to purchase cryptocurrency as many who have never invested in the assets said a lack of rules in the sector was off-putting.

It would also boost the number of investors in the digital assets from one in five Australians to about two in five Australians.

Jason Titman,