Australia to Mandate Crypto Licensing Under New Law

Australia has enacted legislation, the Corporations Amendment (Digital Assets Framework) Bill 2025, to regulate digital asset platforms and tokenized custody platforms under its financial services licensing regime. This marks a significant step in establishing a dedicated regulatory framework for digital assets within the country. The bill, which amends the Corporations Act and ASIC Act, aims to improve consumer protection, market integrity, and regulatory certainty. Crypto operators, including exchanges and custody platforms, will be required to obtain an Australian Financial Services Licence (AFSL) from the Australian Securities and Investments Commission (ASIC). The Digital Economy Council of Australia (DECA) praised the development, stating it provides much-needed clarity for businesses, investors, and regulators. An addendum clarifies that the law applies to platforms holding crypto for customers, not just those providing control technology like multi-party computation (MPC).

(Source：Cointelegraph)