Australia’s new Digital Assets Bill 2025 requires crypto platforms to hold an AFSL to operate legally under financial laws.Digital asset exchanges and custodians come under ASIC oversight as financial service providers with stricter compliance rules.Small operators with under AUD 10 million yearly transactions qualify for exemptions to support innovation and growth.Licensed platforms must follow strong governance, custody safeguards, transparency rules, and clear risk control standards.Non compliant exchanges may face penalties including fines up to AUD 16.5 million and enforcement actions under ASIC rules.Read More Stories