As crypto regulation comes into force, custody will sit at the centre of trust, compliance and consumer protection, according to CloudTech, with the firm describing effective custody as the “backbone of a mature digital asset ecosystem”.

The proposed Corporations Amendment (Digital Assets Framework) Bill 2025 was approved by the Senate last week, following consultation with industry leaders.

CloudTech executive director and CFO Mandy Jiang praised the bill’s focus on regulating platforms and custodians, rather than the underlying technology.
“This approach helps ensure that businesses are accountable for their actions, while keeping consumer protection front and centre,” she said.

As Australia moves toward…