The Parliament of Australia has passed its first comprehensive digital asset regulation act, the Corporations Amendment (Digital Assets Framework) Bill 2025. The document passed both chambers on 1 April. Now crypto-mining and castaneous services are required to obtain financial services licenses.

The law introduces two new classes of platforms: "digital asset platforms" (exchanges and similar services that store customer funds) and "token storage platforms" (issuing and holding tokens backed by real assets).

The Australian Securities and Investments Commission (ASIC) will be empowered to set rules for safekeeping, risk management and asset protection. For small firms (client funds up to AUD 5,000 and annual turnover below AUD 10 million) there is a relaxation.

The bill is pending royal assent and will come into effect 12 months after approval, with an additional transition period for businesses.