{"8859ec8d26bfbc1baabfe3ca5453677d":"The Treasury\u2019s consultation, which closed Friday, marked the end of public feedback on a bill that would extend existing financial laws to crypto exchanges and custodians.","a290ce6622848ed55e07e202fb0c967a":"Former BTC Markets CEO Caroline Bowler said the initiative is a positive step but warned that \u201cstructure must come with clarity.\u201d","a99c7566bf68e63d041ce1b8ff0083a9":"Push for Simplicity and Defined Powers","7b86aa29b4f9e2efd7937cfe3d1482d1":"The draft introduces two new financial classifications \u2014 digital asset platforms and tokenized custody platforms \u2014 both requiring licensing under the Australian Securities and Investments Commission (ASIC).","94afeb580131b2dd84a010da1091d7ea":"Exchange Swyftx argued that the framework gives regulators too much discretion and leaves platforms uncertain about their obligations. The company urged the Treasury to clarify ASIC\u2019s authority and add a guiding statement on how future regulation should be interpreted.","996ab4f845e8a9d2f28030c301401b38":"CloudTech Group\u2019s Mandy Jiang called the proposal \u201ca significant step forward,\u201d but said too many critical details \u2014 such as custody and licensing standards \u2014 are deferred to ASIC\u2019s future guidance.","1ede7672edce032fc6981fe8316466e6":" READ MORE: ","9834bab73765724489b633f181e0060b":" Dogecoin News: Whale Transfers, New Mining Pool, and Price Prediction","7eb9f1e25ae6c74517830ffb52b6d8ea":"Market and Advice Restrictions Raise Concerns","7f466b957dfc52a690358e0f81c1d87b":"Industry players also highlighted gaps around offshore liquidity access and financial advice. Swyftx said local exchanges risk losing competitiveness if they cannot interact with global markets and criticized limits that stop licensed advisers from directly advising on crypto assets.","004ef655f00aea59b13575fbd7711905":"Swyftx CEO Jason Titman said the firm supports regulation under financial law but wants \u201ca fair balance between consumer protection and competitiveness.\u201d","07869fe54b1de32c0fda416ef8174b56":"Timeline and Outlook","979e91e3128cbcea2203f18d8746f778":"Most stakeholders expect the legislation to pass by 2026, though some believe further consultation could delay the process. Crypto.com\u2019s Vakul Talwar urged the government to \u201ckeep its foot on the accelerator,\u201d while MHC Digital Group\u2019s Edward Carroll cautioned that meaningful work remains to turn the feedback into a workable bill.","2106845a6db162a2bcdf3323a029d283":"Despite differences over timing, the sector agrees on one thing: regulation is needed, but it must be clear, consistent, and practical enough to help the industry grow.","326bad9799618454008c9716329b7257":"The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.","6f53dbbf9bfbf98b3a7ef7498b92669b":"The post Australia\u2019s Digital Asset Bill Wins Approval but Needs Refinement appeared first on Coindoo."}