Crypto Asset Secondary Service Provider (CASSPr) licensing reforms
Treasury consultation 2024 on bespoke crypto licensing — separate from AFSL.
Who must comply
Crypto exchanges, custodians, lenders operating in Australia.
What triggers it
Final regulations on commencement.
When due
TBD; transition period expected.
Evidence required
Licence application; consumer protection compliance plan.
Max penalty
Operating without licence will attract civil + criminal penalties
Summary
Treasury consultation paper (October 2024) proposes a bespoke licensing framework for crypto-asset secondary service providers (exchanges, custody, lending). Distinct from AFSL regime. Final regulations expected 2025-2026.
Enforced by
Industries
Topics
Related obligations
- CWLTHPayment Service Provider (PSP) licensing reform — implementation pendingTreasury reform of payments licensing to capture digital wallets + Buy Now Pay Later + stored value.
- CWLTHStablecoin payments licensing — Treasury reforms (in scoping)Treasury reforms scoping payment stablecoin licensing under PSP regime.
- CWLTHCrypto Asset Platform licensing (Treasury reforms 2024-2025)Treasury scoping CASP regime for digital asset platforms.
- CWLTHHold a current real estate agent licence (state-specific)Selling agents must hold a current licence issued by their state fair trading regulator.
- CWLTHHold state-issued gambling licence (operator + venue)Wagering, casino, gaming machine + lottery operators require state-issued licences with operator probity.
- CWLTHHold valid liquor licence (state liquor licensing)Liquor sale / supply requires state-issued licence; multiple categories.
Frequently asked questions
- Who must comply with Crypto Asset Secondary Service Provider (CASSPr) licensing reforms?
- Crypto exchanges, custodians, lenders operating in Australia.
- What triggers Crypto Asset Secondary Service Provider (CASSPr) licensing reforms?
- Final regulations on commencement.
- When is Crypto Asset Secondary Service Provider (CASSPr) licensing reforms due?
- TBD; transition period expected.
- What is the maximum penalty for Crypto Asset Secondary Service Provider (CASSPr) licensing reforms?
- Operating without licence will attract civil + criminal penalties
- What evidence is required for Crypto Asset Secondary Service Provider (CASSPr) licensing reforms?
- Licence application; consumer protection compliance plan.
Source: https://treasury.gov.au/consultation/c2024-561801. Rules Mate is not a law firm. Always verify against the live regulator source before acting.