The Australian Senate Economics Legislation Committee has released a report recommending the advancement of the '2025 Corporate Law Amendment (Digital Assets Framework),' which aims to incorporate crypto platforms and token custody services into the country's financial services regulatory system. The bill proposes amendments to the 'Corporations Act' and the 'ASIC Act,' recognizing digital asset platforms and tokenized custody services as financial products. It requires operators handling customer tokens to obtain an Australian Financial Services License (AFSL) and comply with asset protection and information disclosure requirements. If the bill is passed, service providers without an AFSL will have a 6-month transition period to complete compliance adjustments. (Decrypt) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=58154