Australia’s corporate regulator says it will pursue tougher enforcement and penalties against crypto firms that sidestep licensing and critical-market infrastructure rules following the 2024 outages.
The Australian Securities and Investments Commission says rapid innovation in digital assets and artificial intelligence is creating consumer and market risks in its latest annual report. The regulator signals that firms and investors should expect closer scrutiny and higher compliance expectations.
Australia's new framework puts exchanges and custody providers under financial services law, naming ASIC as the primary regulator. The move aims to boost consumer protections and regulatory certainty for crypto firms and investors.

ASIC is expanding its oversight of digital assets by introducing formal licensing for exchanges, custodians, and stablecoin issuers, aiming to protect Australian investors and clarify regulatory requirements under the Corporations Act 2001. This includes higher custody standards and a transitional period for compliance.