Australia Introduces Regulatory Framework for Cryptocurrency Industry

Australia has made significant strides in regulating its cryptocurrency market with the passage of its first crypto bill.

The Corporations Amendment (Digital Assets Framework) Bill 2025 updates Australia's digital asset regulatory regime by defining digital tokens, platforms, and tokenized custody platforms. The legislation brings crypto firms under the existing Australian Financial Services License framework, requiring them to obtain licenses within six months.

Crypto exchanges and tokenized custody providers must comply with the same rules as brokers or fund managers, including safeguarding client assets, providing disclosures, and avoiding misconduct. The authorities will have powers to regulate these platforms, ensuring that they operate transparently and securely.