According to Decrypt, Australia's Treasurer Jim Chalmers and Financial Services Minister Daniel Mulino introduced the Companies Law Amendment (Digital Asset Framework) Bill 2025 to Parliament on Wednesday, establishing the country's first comprehensive regulatory framework for businesses holding digital assets on behalf of customers.
The bill introduces two new categories of financial products under the Companies Act: digital asset platforms and tokenised custody platforms, both subject to an Australian Financial Services Licence. Digital asset platforms cover facilities where operators hold customers' crypto assets and provide trading functions such as transferring, buying, selling or pledging; and tokenised custody platforms handle real-world assets such as bonds, real estate and commodities.
Platforms must comply with Australian Securities and Investments Commission (ASIC) custody and settlement standards. Platforms with less than $5,000 in assets per customer and less than $10 million in annual trading volume are exempt from the full licensing requirement. The government says the bill could unlock $24 billion in annual productivity gains, and violators could face millions of dollars in fines.
Australia unveils new bill to regulate cryptocurrency platforms, with violators facing millions of dollars in fines
2025-11-27 05:15:31
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
澳大利亚推出新法案监管加密货币平台，违规者面临数百万美元罚款Next article：
某新钱包向HyperLiquid存入300万美元USDC并做空HYPE
