Based on Bijié Wǎng, Australia has introduced the 2025 Company Law Amendment (Digital Asset Framework) Bill, which will place cryptocurrency platforms under the same regulatory framework as traditional financial institutions. Assistant Treasurer Daniel Mulino emphasized the importance of maintaining Australia’s competitiveness in the digital finance sector, noting that proper regulation can attract investment and create jobs. The bill requires crypto exchanges and custodians to obtain an Australian Financial Services License (AFSL) and register with the Australian Securities and Investments Commission (ASIC). A 18-month transition period will allow existing businesses to comply with the new rules without immediate penalties. The bill is expected to pass in the House of Representatives, where the governing Labor Party holds a majority, but will require support from independent senators and opposition parties in the Senate.
Australia to Regulate Crypto Platforms under Same Framework as Traditional Financial Institutions
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