Odaily Planet Daily reported that the Australian Senate Economics Legislation Committee recommended the passage of the (Corporations Amendment (Digital Assets Framework) Bill 2025), which aims to include cryptocurrency asset platforms in the existing financial regulatory system and requires relevant enterprises to apply for an Australian Financial Services License (AFSL).

The committee stated in the report that the bill will strengthen the regulatory framework for the digital assets industry in Australia and provide a higher level of protection for consumers, while maintaining technological neutrality in rule design and striving for consistency with international regulatory systems. According to the contents of the bill, enterprises operating digital asset trading platforms or providing token custody services will be regarded as financial service providers and must obtain a financial license and comply with relevant regulatory requirements.

The bill was introduced by the Australian Treasury in November 2025 and passed the House of Representatives on February 4, 2026, and is currently under review in the Senate. The committee noted that most industry bodies support the establishment of a clearer regulatory framework, but there are also some opinions that the bill's definitions of concepts such as "digital tokens" and "actual control" are relatively broad, which may affect certain infrastructure or non-custodial service providers. If the bill is ultimately passed, the relevant businesses will be granted a 6-month transition period to complete their license applications. (The Block)