Australia's Crypto Regulation: A Game-Changer
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Australias New Crypto Regulation: A Game-Changer for the Industry
Australia has passed the Corporations Amendment Digital Assets Framework Bill 2025, marking a significant shift in crypto regulation. This law brings crypto exchanges and custody platforms under the financial services licensing rules, requiring them to obtain an Australian Financial Services Licence from ASIC. The bill, which amends the Corporations Act and ASIC Act, aims to enhance consumer protection, maintain market integrity, and provide more certainty. Industry experts hail it as a game-changer, providing clarity for businesses, investors, and regulators after years of ambiguity. The law targets platforms that hold customer crypto, excluding tech providers offering tools like multi-party computation for shared wallet control. With this framework in place, Australia is paving the way for safer crypto plays while fostering innovation.
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