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Alexander Stefanov

Australia's Senate Backs 2025 Digital Assets Bill to License Crypto and Custody Platforms

On 16 March 2026, Australia's Senate Economics Legislation Committee recommended passing the Corporations Amendment (Digital Assets Framework) Bill 2025, which introduces a licensing regime for digital asset platforms. The proposal would require most centralized crypto exchanges and tokenized custody providers to obtain an Australian Financial Services Licence and comply with existing financial services rules, while regulators and industry groups debate how broadly key definitions should apply.
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