Australia is modernizing its cryptocurrency regulatory framework with the Digital Assets Framework Bill introduced in 2025. The Australian Securities and Investments Commission (ASIC) and AUSTRAC oversee crypto businesses. Exchanges must hold Australian Financial Services (AFS) licenses and register with AUSTRAC for AML compliance. The 2025 legislation aims to bring digital assets fully into the existing financial regulatory framework, requiring licensing for exchanges and service providers. Australia's approach emphasizes consumer protection, market integrity, and AML/CFT compliance. The regulatory environment is becoming more comprehensive, with clear pathways for compliant businesses to operate.

Regulatory Authorities: ASIC (financial services), AUSTRAC (AML/CFT), ATO (taxation). Licensing: AFS license required for exchanges (2025 legislation). AML/CFT: Registration with AUSTRAC mandatory; comprehensive reporting. Taxation: Capital gains tax applies; clear ATO guidance available. Consumer Protection: Strong investor safeguards under Corporations Act. Securities: Some tokens classified as financial products. Stablecoins: Regulatory framework under consultation. 2025 Reforms: Digital Assets Framework Bill modernizing regulations. Banking: Increasing bank participation with regulatory clarity. Enforcement: Active ASIC oversight and enforcement.

https://asic.gov.au/ | https://treasury.gov.au/