PANews reported on April 1st that, according to CoinDesk, Australia has passed the Corporations Amendment (Digital Asset Framework) Act 2025, establishing a comprehensive regulatory framework for digital assets for the first time. This requires cryptocurrency exchanges and custody platforms to obtain Australian financial services licenses within six months. The Act adds two new regulated categories under the Corporations Act: digital asset platforms holding users' crypto assets, and tokenized custody platforms holding real-world assets and issuing corresponding digital tokens. Both must apply for a financial services license from the Australian Securities and Investments Commission (ASIC) and comply with the same requirements for client asset protection, disclosure, conduct, and dispute resolution as brokers and fund management companies.