Australians who wish to purchase cryptocurrencies will have to first provide identity documents and open an account with the digital currency provider in question, a spokesperson for Minister for Law Enforcement and Cyber Security, Angus Taylor (below, right), says.

Australia has no official policy on cryptocurrencies. That is the only conclusion one can draw, after nearly a month of chasing the minister on cyber security, Angus Taylor, to get an answer.

The federal government has promised to give citizens better access to their banking, energy, phone and Internet data, making it easier for them to switch between providers.