![\"Australian](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjYtMDMvMDE5Y2Y1OTUtYzY3Yy03NmYwLTg2MjgtMDQ2ZDdhM2VkN2ZmLmpwZw==.jpg\")
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Australia is moving closer to a new licensing regime that would bring crypto exchanges and tokenization platforms into the Australian Financial Services Licence regime.<\/p>\n
Australia\u2019s Senate Economics Legislation Committee has backed a bill that would require crypto exchanges and tokenization platforms to comply with the country\u2019s existing financial services regime, recommending that the Corporations Amendment (Digital Assets Framework) Bill 2025 be passed.\u00a0<\/p>\n
The move<\/a> on March 16 brings Australia a step closer to a bespoke licensing framework for \u201cdigital asset platforms\u201d (DAPs) and \u201ctokenised custody platforms\u201d (TCPs), aimed at closing gaps in oversight of platforms that hold customer assets following the collapses of high\u2011profile digital asset businesses, such as FTX.<\/p>\n The bill, first introduced by Assistant Treasurer and Financial Services Minister Daniel Mulino in November 2025, would treat DAPs and TCPs as financial products under the Corporations Act and Australian Securities and Investments Commission (ASIC) Act, pushing most centralized exchanges and tokenized custody businesses that hold client assets into the Australian Financial Services Licence regime.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n