Australia Passes Crypto Law: AFSL Now Mandatory for All Exchanges
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April 1, 2025: Australia passed the Corporations Amendment (Digital Assets Framework) Bill requiring an Australian Financial Services Licence (AFSL) for crypto businesses and creating two categories: Digital Asset Platforms and Tokenised Custody Platforms. Applies to exchanges (CEX), custodians and other intermediaries, imposing licensing, custody and operational standards; increases regulatory clarity likely to boost institutional adoption but raises compliance costs and could drive consolidation in the DeFi/CEX ecosystem. Keywords: crypto, AFSL, custody, exchanges, custodians, tokenised custody, regulation, adoption, compliance.
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- Corporations Amendment (Digital Assets Framework) Bill cleared both Houses on April 1.
- Crypto businesses in Australia now need an Australian Financial Services Licence (AFSL).
- The law creates two categories: Digital Asset Platforms and Tokenised Custody Platforms.
Australia passed the Corporations Amendment (Digital Assets Framework) Bill 2025, requiring crypto businesses to obtain an Australian Financial Services Licence (AFSL). The new law introduces licensing, custody rules, and operational standards for exchanges and digital asset platforms.
Australia Requires AFSL for Crypto Exchanges
The bill cleared both houses of Parliament on April 1. Under the framework, crypto firms operating in Australia must now obtain an AFSL, similar to traditional financial institutions.
The rule applies to exchanges, custodians, and other digital asset intermediaries. Regulat…
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