The Australian government has done that introduced new legislation. Financial licenses for crypto platforms would be required. This provides a firmer grip on the flourishing industry. The Ministry of Finance has tabled the Corporations Amendment (Digital Assets Framework) Bill 2025. This was sent to Parliament on Wednesday. This was followed by the distribution of the bill. This was during the consultation in September.
Australia’s Crypto Bill advances to second reading
The SEC’s new guidance is intended to streamline the approval process and increase clarity. Moreover, they signal positive news for crypto ETFs. In addition, the agency approved generic listing standards for commodity trust shares. The government says the proposed reforms could deliver as much as $24 billion in increased annual productivity gains. They also improve protection for Australians. These safeguards help protect the people who entrust digital assets to private platforms.
Treasurer Jim Chalmers and Financial Services Minister Daniel Mulino announced the Corporations Amendment (Digital Assets Framework) Bill 2025 on Wednesday. This bill establishes the first comprehensive regulatory framework in the country. This applies to companies that store crypto for their customers.
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Australia’s Crypto Bill passes second reading in Parliament. The bill received its first reading in parliament. A second reading was immediately taken. This put the debate on its principles ahead of detailed investigation.
They are serious about Australia’s crypto industry, the ministers said in a joint statement. They added that blockchain and digital assets offer great opportunities for our economy, our financial sector and businesses.
Australia introduced the Corporations Amendment (Digital Assets Framework) Bill 2025 to Parliament on November 26, 2025. This means that crypto platforms and tokenized custody providers must obtain an Australian Financial Services License (AFSL).
The new regulations will bring these companies under the control of the Australian Securities and Investments Commission (ASIC). This is comparable to traditional financial institutions. The purpose of the bill is to protect consumers and create confidence in the market.
Key Details of New Crypto Regulations Revealed
All digital asset platforms (DAPs) and tokenized custody platforms (TCPs) require an Australian Financial Services License (AFSL). This is to be able to operate legally. ASIC supervision: ASIC will be the main regulator. It will enforce custody, settlement and customer protection standards.
There are exceptions for smaller platforms that are less risky. These platforms are not subject to full licensing. These exemptions apply to platforms with less than $5,000 per customer. They also apply to platforms with an annual transaction volume of less than $10 million.
The fines for non-compliance are high. The bill provides for the introduction of fines of up to AUD 16.5 million. Or a fine of a percentage of annual turnover may be imposed. Compliance Timelines: Currently operating crypto companies have six months to begin registration. They have twelve months to obtain the full license. This timeline begins after the date the policy takes effect.
The new rules place crypto activities within existing laws governing financial services. This ensures consistent regulations for similar activities. The industry response was cautiously supportive. Many hope that this move will help attract investment. They also hope it will legitimize the sector. However, smaller players fear the costs of compliance.
This change in law brings Australia comparable to avant-garde countries. They are trying to comprehensively regulate the digital asset space. The framework aims to strike a balance between innovation and investor protection. This strategy can promote market stability.
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