Australia Adopts Comprehensive Crypto Regulation Framework

Australia has made a significant move towards regulating the cryptocurrency industry with the passage of its first crypto bill. The law introduces a comprehensive framework that brings crypto firms under the existing Australian Financial Services License (AFSL) regime.

The Corporations Amendment (Digital Assets Framework) Bill 2025, which passed both houses of Parliament on April 1, updates Australia's digital asset regulatory regime by defining key terms such as digital tokens and tokenized custody platforms.

Crypto firms, including exchanges and custody providers, will be required to obtain an AFSL from the Australian Securities and Investments Commission (ASIC) within six months. This means they must adhere to strict guidelines, including safeguarding client assets, providing disclosures, and maintaining dispute resolution systems.