[Australia Passes First Crypto Regulation Bill, Exchanges Required to Obtain Licenses Within Six Months] On April 1, Australia officially passed the *2025 Corporate Amendment (Digital Assets Framework) Bill*, marking the country's first comprehensive digital asset regulatory legislation. The bill mandates that crypto exchanges and custody platforms apply for a financial services license from the Australian Securities and Investments Commission and achieve compliance within six months. The new law establishes two categories of regulatory entities: 'Digital Asset Platforms' and 'Tokenized Custody Platforms,' which are subject to rules on client asset protection, information disclosure, and dispute resolution. Research institutions estimate that Australia could generate up to AUD 24 billion annually from the related sector, accounting for 1% of GDP.