Gate News: On March 16, the Australian Senate Economics Legislation Committee released a report supporting the advancement of the “Corporations Amendment (Digital Asset Framework) Bill 2025.” The proposal aims to incorporate crypto asset platforms and custodial service providers into the national financial services system by establishing licensing and compliance regimes to strengthen consumer protection and modernize digital asset regulation.
According to the report, the new framework will revise the “Corporations Act 2001” and the “Australian Securities and Investments Commission Act 2001” to create a unified regulatory structure for digital asset service providers. The focus will mainly be on companies holding digital assets on behalf of clients, rather than directly regulating underlying blockchain technology, gradually integrating digital asset businesses into traditional financial regulatory rules.
If the bill is ultimately passed, digital asset companies without an Australian Financial Services License (AFSL) will have a six-month transition period to apply for the relevant license and adjust their business models to meet new compliance requirements. Policymakers believe this will help protect investors’ rights while providing a clearer regulatory environment for the industry.
Currently, crypto asset service platforms operating in Australia must register as digital currency service providers with the Australian Transaction Reports and Analysis Centre (AUSTRAC) before conducting related activities. Analysts suggest that if this new digital asset regulatory framework is successfully implemented, it could further position Australia as a key market for crypto asset regulation and compliance development in the Asia-Pacific region. (CoinDesk)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bloomberg: Only 6.5% of U.S. Taxpayers Reported Crypto Sales Despite 12-21% Ownership Rate
A study shows that only 6.5% of U.S. taxpayers reported cryptocurrency sales from 2013 to 2021, despite surveys indicating 12% to 21% of adults owned crypto. Younger, lower-income investors favored meme tokens, with significant trading differences from traditional stocks.
GateNews22m ago
Encourage innovation! U.S. judges ban Arizona from regulating prediction markets, pausing the prosecution of Kalshi
A U.S. federal district court ruled that Arizona is barred from bringing charges against prediction market platform Kalshi under gambling laws, finding that the Federal Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the boundary between state and federal authority in regulating financial markets. Kalshi, meanwhile, insists that its business falls under financial products rather than traditional gambling. Rulings by different states on prediction markets have varied, and the Trump family has also voiced support for prediction markets.
CryptoCity41m ago
Fed Chair Nominee Kevin Warsh Discloses Crypto Investments Ahead of Senate Hearing
Kevin Warsh, nominated for Federal Reserve Chair, reported investments in over 20 digital asset companies. His portfolio includes DeFi platforms, blockchain networks, and Web3 projects. The Senate Banking Committee may advance his nomination, raising potential conflict of interest concerns.
GateNews1h ago
Russia's Central Bank to Require KYC for All Crypto Traders and Overseas Holdings Declaration by July
Russia's central bank will require cryptocurrency traders to verify their identities and declare overseas holdings by July 2026. Transfers must go through official channels, with plans for a digital ruble to support transparency and compliance.
GateNews1h ago
Can bypass Taiwan Financial Supervisory Commission (FSC) rules on buying crypto with credit cards be possible? OdinTech launches the Wallet Pro service for buying crypto with U.S. debit cards
OwlPay and Wallet Pro services launched by Odin Ding use stablecoin technology to enable B2B cross-border payments, and they partner with international payment giants to showcase their ambitions to expand in the fintech sector. By operating from overseas, Odin Ding bypasses Taiwan’s regulatory restrictions, offering fast virtual-asset trading. At the same time, in light of the newly issued Virtual Asset Services Act, it is expected to become a reference template for other foreign-funded companies entering the Taiwan market.
CryptoCity1h ago
Encourage innovation! A U.S. judge bans Arizona’s regulation of prediction markets and suspends the prosecution of Kalshi
A U.S. federal district court ruled that Arizona may not rely on its gambling law to prosecute the prediction market platform Kalshi, finding that the U.S. Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the line between state and federal authority in financial market regulation, while Kalshi maintains that its business is a financial product rather than traditional gambling. Decisions by states on prediction markets have differed, and the Trump family has also expressed support for prediction markets.
CryptoCity3h ago
