Australia Edges Towards Regulating Digital Asset Platforms

Australia is taking strides towards regulating its digital asset sector by pushing for financial services licensing of crypto exchanges and tokenization platforms under its national framework.

The Senate Economics Legislation Committee has recommended passing the Corporations Amendment Digital Assets Framework Bill 2025, which would require these operators to obtain a license. This move brings Australia closer to implementing a formal licensing regime for digital asset operators.

Industry groups have expressed concerns about the bill's definitions, specifically regarding digital tokens and factual control. They warn that broad interpretations could capture services that only provide infrastructure, potentially affecting blockchain infrastructure providers.