Australia Moves Toward Stricter Crypto Oversight as New Regulatory Bill Advances

• Australia advances crypto regulation as lawmakers introduce a comprehensive digital assets framework.
• New licensing rules reshape crypto platforms while supporting controlled development across Australia.
• Low risk operators gain flexibility under Australia’s tiered digital asset regulatory model.

Australia pushed forward a major step in digital asset oversight after officials introduced the Corporations Amendment Digital Assets Framework Bill 2025, which brings cryptocurrency operators inside the country’s federal regulatory structure. The move signals a clearer direction for exchanges and custodial platforms as lawmakers prepare for wider industry changes.

Treasurer Jim Chalmers and Financial Services Minister Daniel Mulino confirmed that the legislation aims to create stronger protections for customers while encouraging stable growth within the sector.

Consequently, the bill amends the Corporations Act to establish two new financial product categories that formally govern digital asset facilities and tokenized real world assets.

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New Licensing Framework Signals Tighter Rules

Under the new structure, operators that hold customer assets must obtain an Australian Financial Services Licence. These businesses will follow capital requirements and must act efficiently, honestly and fairly. Additionally, they must comply with custody and settlement standards set by the Australian Securities and Investments Commission, with violations attracting multimillion dollar penalties.

Platforms managing tokenized versions of bonds, property and commodities will fall under the same framework. Moreover, the Treasury projects that the clarity offered by these rules could unlock up to $24 billion in yearly productivity gains by reducing institutional hesitation.

Officials highlighted that the bill is designed to support growth rather than impose unnecessary limits on development. Hence, the rapid first reading moved the proposal closer to broader parliamentary debate.

Low Risk Operators Gain a Structured Pathway

The legislation also includes a tier for low risk operators that will not need a full licence at launch. According to uCubed director James Volpe, this tier acts as a sandbox that helps early stage projects test their models.

Operators serving customer balances under $5,000 and maintaining platform volume under $10 million fall within this category.

Industry Prepares for Gradual Implementation

Australia’s decision arrives as authorities continue evaluating how digital asset platforms interact with users and the broader economy. The structured approach gives businesses clearer expectations while ensuring the government maintains oversight as the market expands nationwide.

Australia’s regulatory shift marks a significant moment for digital asset platforms, combining stronger safeguards with a pathway for innovation. The government expects the framework to strengthen user confidence while shaping future industry standards.

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