Australian Senate Committee Supports Digital Asset Regulatory Framework Bill, Requiring Platforms to Operate Under License

CycleProphet · 2026-03-16T05:26:24+00:00

Deep Tide TechFlow News: On March 16, according to Decrypt, the Australian Senate Economic Legislation Committee released a report supporting the advancement of the "2025 Corporate Amendment (Digital Asset Framework) Bill" through the legislative process. The bill proposes to bring digital asset platforms and tokenized custody services under the existing financial services legal regulatory framework, requiring relevant operators to hold an Australian Financial Services License (AFSL) and meet asset safeguarding and retail customer disclosure requirements. The bill will include a six-month transition period upon taking effect.

CycleProphet

2026-03-16 05:26:24

Deep Tide TechFlow News, March 16, According to Decrypt, the Australian Senate Economics Legislation Committee released a report supporting the progression of the “2025 Company Amendment (Digital Asset Framework) Bill” through legislative procedures. The bill proposes to incorporate digital asset platforms and tokenized custody services into the existing financial services regulatory framework, requiring operators to hold an Australian Financial Services License (AFSL) and meet asset protection and retail customer disclosure requirements. A six-month transition period will be established after the bill takes effect.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.