June 26 (Cointime) - The Australian Treasury's approach to defining crypto assets through token mapping will be "tech agnostic" and "principles-based," according to an official. The framework will classify tokens based on their function and purpose, rather than being token-specific. The regulation will need to be "robust" to account for changes in crypto assets that change their function and utility over time. The Treasury hopes to strike a balance between innovation and consumer protection, and welcomes foreign digital asset firms to consider the Australian market if they abide by the token mapping framework.