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Timmy Shen

Australian Senate panel supports 2025 digital asset bill mandating licenses for crypto platforms

An Australian Senate committee has recommended passing the Corporations Amendment (Digital Assets Framework) Bill 2025, which would require digital asset and tokenized custody platforms to obtain Australian Financial Services Licences. The bill, introduced by the Treasury in November 2025 and advanced by the House of Representatives in early February, aims to align crypto platforms with other financial service providers and strengthen consumer safeguards.
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