Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Thursday Nov 27 2025 06:10
2 min
In a significant move toward regulating the cryptocurrency market, the Australian government has introduced the Corporations Amendment (Digital Assets Framework) Bill 2025. This bill seeks to bring crypto platforms under the purview of existing financial services laws, following industry consultations that revealed cautious support for the legislation.
Key Highlights of the Bill:
Assistant Treasurer Daniel Mulino stated that the bill addresses loopholes in current laws, allowing companies to hold unlimited amounts of client crypto without adequate legal safeguards. He emphasized the risks of scams and frauds, referencing the FTX case.
The legislation focuses on companies that hold crypto for customers, rather than the underlying technology. This approach aims to allow the law to evolve alongside emerging forms of tokenization and digital services. Currently, crypto platforms that merely facilitate trading only need to register with the Australian Transaction Reports and Analysis Centre.
The bill introduces two new financial products: a "digital asset platform" and a "tokenized custody platform," both requiring an AFSL. Mulino clarified that anyone "advising on, dealing in, or arranging for others to deal in" crypto will be treated as providing a financial service necessitating a license.
Crypto and custody platforms must meet ASIC's minimum standards for transactions, settlements, and the holding of customer assets. They must also provide clients with a guide explaining their services, fees, and associated risks. The bill includes an 18-month grace period for licensing, offering "relief for businesses trying to do the right thing."
The bill is expected to pass quickly in the House, where Prime Minister Anthony Albanese's Labor Party holds a 94-seat majority. It will then proceed to the Senate, where Labor may need the support of crossbenchers and the opposition for its passage.
Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
Latest
View allSaturday, 6 December 2025
2 min
Saturday, 6 December 2025
2 min
Saturday, 6 December 2025
2 min
EN
