Australian encryption regulations may be delayed until mid-2024

According to Australian government documents, Australia's encryption regulations to regulate the encryption industry and protect retail customers may be delayed until mid-2024. The timetable for the Ministry of Finance to consult with the industry and design new legislation will continue until next year. In addition, the Ministry of Finance has established A dedicated encryption policy department. Industry observers said that "the final document is not expected to be submitted to the cabinet until the end of this year, and legislation to regulate the encryption industry and protect retail customers may not be introduced until 2024 or 2025."