Crypto rules are still a work in progress in many countries. Governments know the technology is growing fast but figuring out how to regulate it has taken time. In Australia, that process may now be moving forward more clearly. 

A Senate committee has backed a proposed law that would bring cryptocurrency platforms and digital asset custody providers under the country’s existing financial services framework. The proposal, known as the Corporations Amendment (Digital Assets Framework) Bill 2025, aims to create a clearer system for licensing and oversight of companies that manage digital tokens.