Australia Passes Bill Compelling Crypto Platforms to Obtain Financial Licenses
Australia has approved new legislation that brings crypto businesses under the country’s formal financial services regime. The measure, introduced by the Treasury last November, passed both chambers of parliament, setting clear requirements for companies dealing in digital assets. Known as the Corporations Amendment (Digital Assets Framework) Bill 2025, the law compels crypto exchanges and custody providers to secure an Australian Financial Services License. It applies to businesses defined as tokenized custody operators and digital asset platforms, placing them under standards similar to those governing traditional financial institutions. Under the new law, platforms are required to meet obligations designed to protect…
