Australian Senate panel backs crypto regulation framework

The Senate Economics Legislation Committee said the projected authorities volition modernize integer assets regulatory framework.

Mar 16, 2026, 6:28 a.m.

An Australian Senate committee has backed projected legislation to integrate cryptocurrency platforms and custody providers into the country’s fiscal services framework.

The Senate Economics Legislation Committee said successful a study published Monday that the projected Corporations Amendment (Digital Assets Framework) Bill 2025 would modernize digital-asset oversight with accepted marketplace safeguards to support consumers.

The model seeks to found a licensing and compliance strategy for integer token managers by amending the Corporations Act 2001 and the Australian Securities and Investments Commission Act 2001.

The connection targets firms that clasp integer assets connected behalf of customers, bringing them nether existing fiscal services rules alternatively of attempting to modulate the underlying blockchain infrastructure. Should the measurement go law, firms without an AFSL would beryllium fixed six months to get the required authorization and comply with the caller framework.

Crypto exchanges operating successful Australia are already required to registry with the country’s fiscal quality agency, the Australian Transaction Reports and Analysis Centre, arsenic integer currency providers earlier offering speech services.

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