Australia’s Senate Economics Legislation Committee has backed the Corporations Amendment (Digital Assets Framework) Bill 2025.
The bill modernizes oversight by requiring digital asset custodians and platforms to obtain an Australian Financial Services Licence (AFSL), aligning them with traditional financial service providers.
It amends the Corporations Act 2001 and the ASIC Act 2001 - targeting firms holding customer crypto assets, not blockchain infrastructure itself.
Firms without an AFSL will have six months to comply if the bill becomes law.
Crypto exchanges already register with AUSTRAC as digital currency providers; this measure adds licensing and conduct obligations.
