Treasury offers first look at crypto bill
Cryptocurrency exchanges will soon be covered by the same consumer protections that apply to banks and other financial services providers, with the Albanese government on Thursday unveiling draft legislation for its digital asset regulatory regime.
Assistant Treasurer and Finance Services minister Daniel Mulino announced the long-awaited exposure draft at the Digital Economy Council of Australia’s regulatory summit on Thursday.
The Treasury Laws Amendment Bill 2025, which has received cautious early praise from the sector, proposes new requirements for digital asset platforms and tokenised custody platforms to hold an Australian financial services licence.
To do this, the government will create two new…
