Australia bill targets crypto platforms to bolster consumer safeguards
PositiveCryptocurrency
- Australia has introduced a Digital Assets Framework Bill aimed at regulating cryptocurrency platforms under the Australian Securities and Investments Commission (ASIC). This legislation, tabled in Parliament on November 27, 2025, seeks to enhance consumer protection and bolster market confidence in the digital asset sector.
- The bill is significant as it establishes a licensing regime for crypto platforms, which is expected to improve regulatory compliance and safeguard consumers against potential risks associated with digital currencies. This move reflects the government's commitment to fostering a secure environment for cryptocurrency transactions.
- This legislative initiative comes in the wake of recent developments in the Australian cryptocurrency landscape, including KuCoin's registration with AUSTRAC to operate as a crypto exchange. The focus on regulatory frameworks highlights a growing trend among governments to address past failures in the crypto sector and ensure that consumer protection is prioritized as the market evolves.
— via World Pulse Now AI Editorial System
