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Australia Enacts First Comprehensive Digital Asset Law; Exchanges Given Six Months to Secure Licenses

ME News reported that on April 1 (UTC+8), Australia formally enacted the Corporations Amendment (Digital Assets Framework) Act 2025, the country's first comprehensive legislation governing digital assets. The law requires cryptocurrency trading platforms and custodial service providers that hold customers' digital assets to obtain an Australian Financial Services Licence and comply with existing financial-services rules covering client asset protection, standardized disclosures, prevention of misleading conduct, and dispute resolution. It also creates two new regulated categories: digital asset platforms and tokenized custodial platforms. A six-month transition period has been set for firms to meet the new requirements. (Source: Foresight News)
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