Australia’s New Crypto Regulation Bill: What’s it All About?
Australia’s getting serious about crypto regulation with the introduction of the Corporations Amendment (Digital Assets Framework) Bill 2025. This bill requires crypto companies, including exchanges and custody providers, to secure an Australian Financial Services License (AFSL). Assistant Treasurer Daniel Mulino made it clear that “Across the world, digital assets are reshaping finance. Australia must keep pace.” The intent here is to protect consumers while still encouraging innovation in the digital asset space.
The legislation aims to fill the current void in consumer protection, particularly regarding the safekeeping of customer assets. Mulino pointed out that companies can hold unlimited amounts of client crypto without any…
