Australia Introduces Digital Assets Framework Bill Requiring AFSL for Crypto Exchanges
Summary
The Australian Parliament received the Corporations Amendment (Digital Assets Framework) Bill 2025, requiring cryptocurrency exchanges and digital asset custody services to obtain an Australian Financial Services Licence (AFSL) under the Corporations Act. The legislation provides an 18-month transition period for qualifying businesses.
Key Changes
- AFSL requirement for crypto exchanges and custody providers
- Digital asset platforms brought under Corporations Act
- 18-month transition period for existing operators
- Exemption for providers under A$10 million annual transactions
Affected Industries
Source
Key Dates
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