Aussie Regulators Propose Full Licensing and Stronger Consumer Protections for Crypto
Australia is stepping up its oversight of digital
assets, aiming to bring crypto exchanges and custody providers under the same
rules as traditional financial institutions.
The government has released a draft law that could reshape
the country’s crypto market, signaling tighter supervision and stronger
consumer protections.
Digital assets meet tradfi in London at the fmls25
Stricter Licensing Requirements
The draft legislation requires exchanges to obtain an
Australian Financial Services License (AFSL), placing them under the
supervision of the Australian Securities and Investments Commission (ASIC).
Currently, only platforms trading major assets like
Bitcoin are registered with AUSTRAC. Under the new rules, all digital asset
operators…
