Deep Tide TechFlow News: On March 16, according to Decrypt, the Australian Senate Economics Legislation Committee released a report supporting the advancement of the "2025 Corporations Amendment (Digital Assets Framework) Bill" through the legislative process. The bill proposes to bring digital asset platforms and tokenized custody services under the existing financial services legal regulatory framework, requiring relevant operators to hold an Australian Financial Services License (AFSL) and meet asset safeguarding and retail customer disclosure requirements. The bill will include a six-month transition period after it comes into effect.
Deep Tide TechFlow News: On March 16, according to Decrypt, the Australian Senate Economics Legislation Committee released a report supporting the advancement of the "2025 Corporations Amendment (Digital Assets Framework) Bill" through the legislative process. The bill proposes to bring digital asset platforms and tokenized custody services under the existing financial services legal regulatory framework, requiring relevant operators to hold an Australian Financial Services License (AFSL) and meet asset safeguarding and retail customer disclosure requirements. The bill will include a six-month transition period after it comes into effect.