The Australian Parliament officially passed the "Corporations Amendment (Digital Assets Framework) Bill 2025." The bill formally incorporates cryptocurrency exchanges and custodial providers into the national financial services licensing system, requiring relevant platforms to obtain an Australian Financial Services License (AFSL) to operate. The new regulations establish two major categories: "Digital Asset Platforms" (DAP) and "Tokenized Custody Platforms" (TCP), and set strict standards for asset holding, trading disclosures, and risk management. The bill provides a 6-month transition period for existing operators, while new entrants must fully comply within 18 months. The Treasury estimates that by establishing a compliant market order, digital financial innovation could add up to AUD 24 billion annually to Australia's economy (approximately 1% of GDP).(CoinDesk)