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.
Authors:
Steven Pettigrove, Partner
Email: spettigrove@piperalderman.com.au
Luke Higgins, Associate
Email: lkhiggins@piperalderman.com.au
Tahlia Kelly, Law Graduate
Email: tkelly@piperalderman.com.au