Australia passes its first cryptocurrency regulation law, requiring exchanges to obtain a financial services license.

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Golden Finance reports that on April 1, Australia officially passed the 《2025 Corporate Amendment (Digital Asset Framework) Act》, becoming the country’s first comprehensive digital asset regulatory legislation. The act requires crypto exchanges and custody platforms to apply to the Australian Securities and Investments Commission (ASIC) for a financial services license and to complete compliance within six months.
The new law creates two regulated entities: “digital asset platforms” and “tokenized custody platforms.” These are subject to the same core rules as securities firms and fund managers, including customer asset protection, information disclosure, and dispute resolution, with the aim of preventing risks such as commingling and misappropriation of customer assets. Research institutions estimate that Australia can earn up to A$24 billion per year from the tokenized, payments, and digital asset sectors—about 1% of GDP. If there is no regulatory framework, that figure would be only about A$1 billion by 2030.

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