Australia Introduces Bill Requiring Licenses for Crypto Platforms
TLDR
- The Australian government has introduced a bill to regulate crypto platforms under financial services laws.
- The Corporations Amendment Bill 2025 was submitted to Parliament and has moved to the second reading stage.
- The bill requires digital asset and tokenized custody platforms to obtain an Australian Financial Services Licence.
- Licensed crypto platforms must follow rules on fairness, transparency, risk controls, and customer protection.
- Smaller crypto operators with limited holdings and low transaction volumes will be exempt from licensing.
The Australian government introduced new legislation to regulate digital asset platforms under financial services laws. The Corporations Amendment (Digital Assets Framework)…
