{"id":60796,"date":"2025-11-28T01:01:38","date_gmt":"2025-11-28T01:01:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=60796"},"modified":"2025-11-28T01:01:38","modified_gmt":"2025-11-28T01:01:38","slug":"australia-signals-big-crypto-ambitions-with-24b-framework-and-tighter-custody-standards","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=60796","title":{"rendered":"Australia Signals Big Crypto Ambitions With $24B Framework and Tighter Custody Standards"},"content":{"rendered":"
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Australia is accelerating its push into digital finance with the introduction of the Corporations Amendment (Digital Assets Framework) Bill 2025, a comprehensive regulatory overhaul designed to strengthen crypto custody standards, improve investor protection, and unlock an estimated $24 billion in annual economic value.<\/p>\n

The bill establishes the country\u2019s first comprehensive framework for digital asset platforms and crypto custodians, positioning Australia as one of the most proactive jurisdictions in the global race for crypto regulation.<\/p>\n

\"crypto<\/p>\n

A New Licensing Regime to Protect Consumers<\/strong><\/h2>\n

The cornerstone of the legislation is a requirement for crypto exchanges and custody providers to obtain an Australian Financial Services License (AFSL).<\/p>\n

This brings them under the supervision of the Australian Securities and Investments Commission (ASIC)<\/a>, a major structural shift for an industry that previously operated in a fragmented regulatory space.<\/p>\n

Assistant Treasurer Daniel Mulino emphasized that Australia must \u201ckeep pace\u201d with financial innovation. The bill specifically targets firms holding customer crypto, rather than blockchain technology itself, addressing a widespread concern that companies can currently store unlimited digital assets for clients without adequate safeguards.<\/p>\n

To close this gap, the bill introduces two new regulated categories:<\/p>\n