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ARTICLE · 11 OCTOBER 2025

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The Wait Is Over: Australian Government Releases Draft Legislation For Digital Assets

Piper Alderman
Piper Alderman
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Piper Alderman

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This draft legislation is ambitious in scope and represents Australia's answer to comprehensive crypto-asset reforms.

AustraliaTechnology
Steven Pettigrove
Steven Pettigrove
Luke Higgins
Luke Higgins
Tahlia Kelly
Tahlia Kelly
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The Australian government has opened its long-awaited consultation on exposure draft legislation to regulate digital assets under the Australian financial services regime (the Treasury Laws Amendment Bill 2025: Digital asset, and tokenised custody, platforms). The draft legislation proposes some big changes to the sector, outlining rules for digital asset licensing that would bring crypto-asset intermediaries within Australia's financial regulatory framework.

Announcing the draft legislation at the Digital Economy Council of Australia (DECA) Digital Asset Regulatory Summit, Assistant Treasurer Daniel Mulino stated that the regulation is:

"about legitimising the good actors and shutting out the bad, giving businesses certainty and consumers confidence, [and] working with industry, regulators and the broader community to make Australia a leader in the global digital asset ecosystem."

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