Australia Releases Digital Asset Regulation Blueprint to Modernize Economy

The government’s framework outlines licensing for crypto platforms, anti-debanking measures, and plans for tokenization and wholesale CBDC pilots.

The Australian government has published a white paper detailing a regulatory framework for digital assets, requiring major crypto platforms to obtain an Australian Financial Services Licence.
The framework will regulate Digital Asset Platforms, stablecoins, and tokenized stored-value facilities under existing financial services laws, while exempting non-financial use cases.
To address debanking, the licensing regime aims to improve transparency and risk management, encouraging banks to maintain services for crypto firms.
The government is exploring tokenization of real-world assets and wholesale CBDCs to modernize financial systems, with pilot trials planned for wholesale tokenized markets.
Draft legislation will be released for public consultation later in 2025, with ASIC refining its guidance on digital assets, including updates to its Information Sheet 225.