The Australian government, under Prime Minister Anthony Albanese, has outlined a new regulatory framework for digital assets, aiming to provide greater certainty for industry participants while addressing risks tied to consumer protection and market integrity.
The reforms will require major crypto platforms to obtain an Australian Financial Services Licence while exempting smaller-scale firms and businesses not involved in financial services.
Treasury’s Statement on Developing an Innovative Australian Digital Asset Industry paper, released Thursday, details plans to regulate Digital Asset Platforms and payment stablecoins under existing financial services laws.
The move follows similar regulatory approaches in the European Union and…
Apr 22 2025
