Australian Senate panel backs crypto regulation framework

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Australian Senate panel backs crypto regulation framework The Senate Economics Legislation Committee said the proposed legislation will modernize digital assets regulatory framework. By Omkar Godbole Mar 16, 2026, 6:28 a.m. Make us preferred on Google Australia's senate committee backs crypto regulation framework. (Unsplash) What to know : An Australian Senate committee has endorsed a bill that would bring cryptocurrency platforms and custody providers under the country’s existing financial services framework. The proposed Corporations Amendment (Digital Assets Framework) Bill 2025 would create a licensing and compliance regime for digital token managers by amending the Companies Act and the ASIC Act. An Australian Senate committee has backed proposed legislation to integrate cryptocurrency platforms and custody providers into the country’s financial services framework. The Senate Economics Legislation Committee said in a report published Monday that the proposed Corporations Amendment (Digital Assets Framework) Bill 2025 would modernize digital-asset oversight with traditional market safeguards to protect consumers. The framework seeks to establish a licensing and compliance system for digital token managers by amending the Corporations Act 2001 and the Australian Securities and Investments Commission Act 2001. The proposal targets firms that hold digital assets on behalf of customers, bringing them under existing financial services rules instead of attempting to regulate the underlying blockchain infrastructure. Should the measure become law, firms without an AFSL would be given six months to obtain the required authorization and comply with the new framework. Crypto exchanges operating in Australia are already required to register with the country’s financial intelligence agency, the Australian Transaction Reports and Analysis Centre, as digital currency providers before offering exchange services. Australia More For You XRP climbs 3% past $1.47 as breakout extends on broad bitcoin-led move By Shaurya Malwa 59 minutes ago Volume jumped more than 250% during the move, with traders watching whether former resistance now turns into support. What to know : XRP broke above a long-standing resistance around $1.426 after months of sideways trading, shifting short-term momentum in favor of buyers. The move, which lifted the token from about $1.41 to $1.47 on surging volume, comes as activity and tokenized real-world assets on the XRP Ledger continue to climb. Traders are watching whether XRP can hold support near $1.43–$1.44, with a sustained base there opening the door to a push toward $1.50–$1.55, while a drop back below $1.43 could send it toward $1.39–$1.40. Read full story Latest Crypto News XRP climbs 3% past $1.47 as breakout extends on broad bitcoin-led move 59 minutes ago Bitcoin briefly tops $74,000 as ether, sol, ada gains as much as 6% in Monday surge 1 hour ago Bitcoin's price trades above its 50-day average as bullish move gathers pace 1 hour ago Crypto trading firm Blockfills has filed for bankruptcy 2 hours ago The SEC and CFTC join hands: State of Crypto 10 hours ago Crypto’s age of hype is over, making way for the real infrastructure to be built 10 hours ago Top Stories The math behind Strategy’s path to 1 million bitcoin by the end of 2026 Mar 14, 2026 AI developers may not be keen on crypto, but stablecoins are the secret to agentic finance, crypto insiders say Mar 14, 2026 Wall Street pushes tokenized stocks, but institutions aren’t eager to trade them Mar 14, 2026 Here is why Nasdaq and owner of NYSE are putting the $126 trillion equity market on blockchain 14 hours ago Visa is ready for AI agents. So is Coinbase. They're building very different internets 17 hours ago AI agents are quietly rewriting prediction market trading 18 hours ago