Australia passed its first crypto bill on Wednesday, providing legislative clarity for the crypto industry. The comprehensive regulatory framework requires crypto exchanges and tokenized custody providers to obtain financial services licenses.

Australia’s Parliament Passes Crypto Regulation

The Corporations Amendment (Digital Assets Framework) Bill 2025 passed both houses of Parliament on April 1. It brings crypto firms, including exchange and custody providers, under the existing Australian Financial Services License framework.

The law updates Australia’s digital asset regulatory regime by defining digital tokens, digital asset platforms, and tokenized custody platforms.

Moreover, the crypto bill also targeted exemptions for…