2025 Crypto Reform: Australia Enforces New Legal Framework

In 2025, Australia implemented a new regulatory framework for the cryptocurrency sector, marking a significant shift from its previous policy. The government announced that new rules and licensing requirements for Digital Asset Platforms (DAPs) came into effect in April.

According to a Treasury plan published on March 21, 2025, entities such as crypto exchanges, custody service providers, and certain brokerage firms are now required to obtain an Australian Financial Services Licence (AFSL). They must also meet strict minimum capital requirements and ensure transparency in their operations.

Payment stablecoins will be regulated as stored-value facilities, with specific exemptions outlined. On May 15, Finance Minister Jim Chalmers stated that a draft law will be released for public consultation in the third quarter, with final legislation to follow.

On May 23, the government confirmed that 2025 is the year when the previously discussed crypto reforms will officially become law. These measures aim to increase consumer protection and ensure the integrity of Australia’s financial markets amid the growing presence of digital assets.