Australia Introduces New Crypto Bill to Safeguard Consumers and Foster Innovation
The Australian government announced on Thursday that it sent a digital assets bill to parliament aimed at unlocking innovation and safeguarding investors.
The Corporations Amendment (Digital Assets Framework) Bill 2025 introduces clear, enforceable rules for businesses that hold digital assets on behalf of consumers, the Ministry of Financial Services said in an official statement.
The bill aims to mark the end of the country’s long regulatory vacuum for crypto platforms platforms and avoid last cycle’s offshore collapses such as FTX and Celsius, which wiped out billions leaving thousands of Australians without practically no legal recourse.
The bill brings all crypto and blockchain companies into the financial system to ensure they meet…
