The Australian government is taking steps to regulate the cryptocurrency market by bringing crypto exchanges and tokenisation platforms under its existing financial services regime.
The Corporations Amendment (Digital Assets Framework) Bill 2025, recommended for passage on March 16, marks a significant step toward a bespoke licensing regime for digital asset platforms (DAPs) and tokenised custody platforms (TCPs).
The bill would treat DAPs and TCPs as financial products under the Corporations Act and ASIC Act, pushing many exchanges and custody providers into the Australian Financial Services Licence regime.