Episode Details

Australias Senate Economics Legislation Committee recommends passing a new bill to regulate crypto exchanges and tokenization platforms under the existing financial services license system. The Corporations Amendment Digital Assets Framework Bill twenty twenty-five would classify digital asset platforms and tokenized custody platforms as financial products, aiming to tighten oversight after major collapses like FTX. The bill requires licensed platforms to follow strict custody rules, disclosure standards, and governance guidelines. Industry players raised concerns about vague terms, but the committee backs the Treasurys plan to fine-tune details through future regulations. The bill heads to the full Senate for debate and a final vote soon.

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