Australia Tightens Crypto Rules: New Law Puts Platforms Under Traditional Finance Framework

Australia has taken a major step towards regulating its cryptocurrency industry, mandating that all platforms must obtain licenses to operate. The new law, the Corporations Amendment (Digital Assets Framework) Bill 2025, brings crypto exchanges and custody service providers under the same regulatory umbrella as traditional financial institutions. This follows concerns about a lack of supervision in the past, with some platforms operating without clear limits on customer funds.