Australia Regulates Crypto Exchanges, Boosts Productivity
Update: 2025-11-27
Description
Australia introduces new legislation to regulate cryptocurrency exchanges and custody platforms, aiming to boost productivity by $24 billion annually. The Corporations Amendment Digital Assets Framework Bill 2025 creates two new financial product categories: digital asset platforms and tokenized custody platforms. These platforms must obtain an Australian Financial Services Licence and adhere to specific standards for asset safeguarding and client instruction handling. While the bill is seen as a positive step, some experts believe it still has gaps and advocate for more holistic reforms, including clearer tax guidelines.
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