Crypto Asset Platform licensing (Treasury reforms 2024-2025)
Treasury scoping CASP regime for digital asset platforms.
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Who must comply
Crypto exchanges + custodians + brokers + DeFi (in scope TBC).
What triggers it
Operation of crypto asset platform.
When due
TBC — regulations expected 2025-2026.
Evidence required
TBC — likely AFSL + custody arrangements + risk management.
Max penalty
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Summary
Treasury October 2023 proposal paper + 2024-2025 consultation. CASP regime aims to regulate digital asset platforms via AFSL + custody requirements. Regulations + draft legislation expected late 2025 / 2026.
Enforced by
Topics
cryptofintech
Related obligations
- CWLTHCrypto Asset Secondary Service Provider (CASSPr) licensing reformsTreasury consultation 2024 on bespoke crypto licensing — separate from AFSL.
- CWLTHStablecoin payments licensing — Treasury reforms (in scoping)Treasury reforms scoping payment stablecoin licensing under PSP regime.
- CWLTHCrypto-Asset Reporting Framework (CARF) — implementation 2026-2027AU adopts the OECD CARF for crypto reporting; reporting expected from 2027, first international exchange ~2028 (per Dec 2025 MYEFO).
- CWLTHPayment Service Provider (PSP) licensing reform — implementation pendingTreasury reform of payments licensing to capture digital wallets + Buy Now Pay Later + stored value.
- CWLTHComply with Stored Value Facility rules (banking exception)SVF providers must operate within APRA + Treasury rules on purchased payment facility regulation.
Frequently asked questions
- Who must comply with Crypto Asset Platform licensing (Treasury reforms 2024-2025)?
- Crypto exchanges + custodians + brokers + DeFi (in scope TBC).
- What triggers Crypto Asset Platform licensing (Treasury reforms 2024-2025)?
- Operation of crypto asset platform.
- When is Crypto Asset Platform licensing (Treasury reforms 2024-2025) due?
- TBC — regulations expected 2025-2026.
- What evidence is required for Crypto Asset Platform licensing (Treasury reforms 2024-2025)?
- TBC — likely AFSL + custody arrangements + risk management.
Source: https://treasury.gov.au/consultation/c2023-471053. Rules Mate is not a law firm. Always verify against the live regulator source before acting.