The Australian government has set its sights on the country’s cryptocurrency market in what is expected to be one of the most significant sets of reforms to the country’s payment system in over 25 years. The government is now seeking industry feedback to develop a “tick of approval” for cryptocurrency exchanges—the platforms responsible for connecting consumers with their digital cash. Digital Economy Minister Jane Hume said the aim was for Australians to have more confidence in these platforms, allowing those interested in investing in cryptocurrencies to do so “safely and securely.” “The Morrison government wants to make sure that consumers can trust the exchanges that they use to buy crypto,” Hume said at a Blockchain Australia event, reported ZDNet. Trust in cryptocurrency exchanges waned in 2021 after two Australian companies—myCryptoWallet and Blockchain Global’s ACX—collapsed in the span of two months, taking with them millions of dollars in customer funds. To …