[no bill text published] Licensing and disclosure obligations for digital asset and tokenised custody platforms
Corporations Amendment (Digital Assets Framework) Bill 2025
1st House
2nd House
Law
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
Digital asset platform services are only financial services if provided by a corporation.
Consensus activities using public digital token infrastructure are not financial services.
The Minister can declare specific digital asset platforms to be financial markets; the Minister must first give the operator a chance to make submissions.
The Minister can exempt specific digital asset platforms from being treated as financial markets; the Minister must first give the operator a chance to make submissions.
ASIC, APRA, the Reserve Bank and AUSTRAC must advise the Minister on whether to make or change these market declarations.
AFSL licensees must follow asset-holding standards for these financial services.
Licensees must provide a DAP/TCP Guide so clients understand the platform and their asset rights.
Licensees must keep the platform's voting policy accurate and manage its administration.