Crypto World Network, April 2 — According to The Block, the two chambers of the Australian Parliament officially passed the "2025 Corporate Amendment (Digital Asset Framework) Bill" on Wednesday, marking a historic step forward in the country's cryptocurrency regulation. The bill was introduced by the Australian Treasury in November 2025, with the core aim of fully integrating digital asset service providers into the existing financial services regulatory framework, explicitly requiring digital asset platforms and tokenized custody platforms to obtain an Australian Financial Services License (AFSL) legally.

The explanatory memorandum of the bill states that digital assets will be subject to a general legal framework covering property, consumers, insolvency, and taxation. Under the new regulations, crypto platforms must operate efficiently, honestly, and fairly, clearly disclose asset storage mechanisms to clients, and establish strict governance and risk control measures. The bill will come into effect 12 months after receiving Royal Assent, providing a compliance transition period for relevant companies, and offering moderate exemptions to small platforms that meet certain conditions to balance regulation with industry innovation.