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Australian Bitcoin Industry Body 2mo ago

The Australian Bitcoin Industry Body (ABIB) has formally submitted its response to the Treasury Laws Amendment (Digital Asset and Tokenised Custody Platforms) Bill 2025.

Our submission warns that the proposed framework fails proportionality by applying uniform obligations to all digital asset platforms, regardless of custody model or risk profile.

We’ve highlighted that this legislation would increase costs, consolidate the market towards multi-asset exchanges, heighten systemic risk, and undermines competitiveness within the market.

ABIB’s recommendations focused on:

• Function-based regulation grounded in custody risk

• Upholding Australians’ right to self-custody

• Proportionate licensing thresholds

ABIB continues to advocate for a clear, fair, and future-fit framework that protects consumers while allowing Australian Bitcoin businesses to thrive.

If you'd like to contribute to our future work, you're welcome to join us!

Vires in Numeris!

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Rizful.com (zap tester) 2mo ago

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