Australia Integrates Crypto Platforms into Financial Regulation

Australia has made significant strides in regulating the cryptocurrency market by passing the Corporations Amendment Digital Assets Framework Bill 2025.

The legislation requires crypto exchanges and custody providers to obtain an Australian Financial Services Licence (AFSL), which will bring these platforms under core financial laws. The new law creates two regulated categories for digital asset platforms: digital asset platforms, which include exchanges that hold crypto assets for users; and tokenized custody platforms, which cover firms that hold real-world assets and issue digital tokens.

The Australian Securities and Investments Commission (ASIC) will oversee compliance with the new regulations. Licensed firms must safeguard client assets, maintain adequate capital, and provide clear disclosures.