Australia Moves to Regulate Crypto Platforms with Licensing Framework

The Australian government is taking steps to clarify its regulatory framework for digital assets by proposing a licensing regime for crypto platforms.

The Corporations Amendment (Digital Assets Framework) Bill 2025, currently before the Senate, aims to subject many centralized crypto exchanges and custodial platforms to the Australian Financial Services Licence (AFSL) regime.

According to lawmakers, the proposed framework strikes a balance between innovation and investor protection by focusing on companies that control digital assets for customers rather than regulating blockchain technology itself.