Australia has passed a new digital assets bill that will require many crypto platforms to hold a financial services license, marking one of the country’s clearest moves yet to bring the sector under mainstream financial regulation.

The Corporations Amendment (Digital Assets Framework) Bill 2025 passed both houses of Parliament and now sets a licensing standard for businesses that hold digital assets for consumers. Under the framework, companies operating as digital asset platforms or tokenized custody platforms will need an Australian Financial Services Licence.

The law adds a new layer of oversight for crypto firms that already face anti money laundering and know your customer obligations. It also places digital asset businesses more…