[Australia's New Bill Brings Crypto Platforms Under Financial Services Regulation] Australian Treasurer Jim Chalmers and Minister for Financial Services Daniel Mulino have submitted the *2025 Corporate Amendment (Digital Assets Framework) Bill* to Parliament, bringing cryptocurrency exchanges and custody service providers under the scope of financial services regulation, overseen by the Australian Securities and Investments Commission (ASIC). The new framework introduces two categories of financial products: digital asset platforms and tokenized custody platforms. It requires operators to hold an 'Australian Financial Services License' and comply with standards related to asset security, trade execution, and more. Low-risk platforms may be exempt from full licensing requirements. The government estimates this move could unlock $24 billion in annual productivity growth.