Australian Treasury pushes to enact 'cryptocurrency regulation law'…introducing licenses, etc.

The Australian government is pushing to enact a cryptocurrency regulation law.

On the 27th (local time), according to foreign media including Cointelegraph, Daniel Mulino (Daniel Mulino), a deputy at the Australian Treasury, introduced the 'Digital Assets Framework Bill 2025' the previous day (the 26th). The core of the bill is to require cryptocurrency companies such as exchanges and custody firms to obtain an Australian Financial Services Licence (AFSL). Mulino said, "Digital assets are reshaping finance around the world," and "Australia must keep pace with this trend."

Specifically, the bill amends the Australian Corporations Act to add two new financial product classifications: 'digital asset platforms' and 'tokenised custody platforms'. Companies that fall under those classifications must obtain an Australian Financial Services Licence. Companies that obtain a licence must register with the Australian Securities and Investments Commission (ASIC) and be subject to the authority's management and supervision.

The Australian Treasury disclosed a draft of the bill last September and has been collecting industry feedback. Mulino said, "(The bill is) a core element of the 'cryptocurrency roadmap' the government announced in March this year." Cointelegraph reported, "The Australian cryptocurrency industry generally supports the bill," and "(however) many pointed out the need for clearer standards and simplification of the law."