Australia Tightens Crypto Rules with New Licensing Bill
Australia has introduced a stringent licensing framework for digital asset platforms, marking a significant step in crypto regulation. The Corporations Amendment (Digital Assets Framework) Bill 2025 mandates that crypto service providers obtain an Australian Financial Services Licence, aligning the sector with existing financial standards.
The legislation enforces strict consumer protection measures, requiring platforms to operate with transparency and fairness. Custody and settlement standards will now fall under the oversight of the Australian Securities and Investments Commission (ASIC), ensuring robust governance and dispute resolution mechanisms.
Smaller operators are exempt from the new rules, a MOVE designed to foster innovation in the early stages of development. Australia's approach mirrors global efforts to balance regulatory oversight with the growth potential of digital assets.
