The Reserve Bank of Australia and the Treasury have been holding private meetings with Coinbase executives to discuss the future of Australian login password regulation.

In response to a request for comment from the Cointelegraph, a spokesman for the RBA confirmed reports of the recent private meeting, saying that the Coinbase had met with the RBA's payment policy and financial security unit this week as part of the bank's ongoing links with the industry.

Tom Duff Gordon, Coinbase's senior vice president for international institutions, is also understood to have confirmed to Cointelegraph that he and the Treasury had held conferences in Canberra and London.

Gordon said the conference involved dynamic password projection by relevant departments, and Coinbase also "shared views on relevant approvals and hosting of good practices around the world."

On August 22nd, the Australian Ministry of Finance announced the work of dynamic password projection, which aims to screen digital currency to facilitate its use as an existing regulatory framework.

The Ministry of Finance released an information document on February 3, asking for feedback from the login password industry.

Gordon praised the Treasury's efforts and stressed that "the Australian Treasury team was once again impressed by its high maturity and proactive participation," he added.

The dynamic password projection work of the Australian Ministry of Finance has brought us one of the most detailed and carefully considered documents on this subject, laying a solid foundation for the standard proposal to log in to the password trading center and fund custodian.

Mr Gordon made it clear that he hoped to see such a standard "later this year", adding that he praised "the Treasury's all-round foundational work".

By comparison, Bobby Armstrong, co-founder and CEO of Coinbase, has been critical of the regulation of login passwords in the United States, echoing a complaint from the Securities and Exchange Commission (Securities And Exchange Commission), commonly known as SEC, that the Securities and Exchange Commission (Securities And Exchange Commission,SEC) tried to regulate through administrative enforcement and claimed that SEC wanted leaders to apply for registration if they could not apply for registration.

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However, the Australian Financial Review recently obtained documents under the Freedom of Information Act that Australia's login password law may be delayed until after 2024, as the final submission of cabinet documents is not expected to be submitted until later this year.

When Coinbase expanded to Australia on October 4, 2022, Nana Murugesan, Coinbase's senior vice president of international and corporate development, told Cointelegraph that the trading center was "impressed by the open gates and different decision makers we received in Canberra."