Australia Advances New Regulatory Bill for Enhanced Crypto Oversight

New Regulatory Framework: Australia has introduced the Corporations Amendment Digital Assets Framework Bill 2025, integrating cryptocurrency operators into the federal regulatory structure to enhance customer protections and support industry growth.

Licensing and Compliance: The new framework requires operators holding customer assets to obtain an Australian Financial Services Licence, adhere to capital requirements, and comply with standards set by the Australian Securities and Investments Commission, with significant penalties for violations.

Support for Low-Risk Operators: A tiered approach allows low-risk operators to launch without a full licence, providing a sandbox for early-stage projects with customer balances under $5,000 and platform volumes under $10 million.

Gradual Implementation and Oversight: The structured regulatory approach aims to clarify expectations for businesses while ensuring government oversight, fostering user confidence and shaping future industry standards as the digital asset market expands.