Woofun AI reports that Australia will expand the scope of designated virtual asset services starting July 1, 2026, to include virtual asset exchanges, arrangement services, and storage or management activities. This regulatory shift integrates Digital Currency Exchangers into the broader Virtual Asset Service Provider framework under AUSTRAC, focusing on anti-money laundering and counter-terrorist financing compliance.

The Corporations Amendment (Digital Assets Framework) Act 2026 mandates that Digital Asset Platforms and Tokenization Custody Platforms obtain an Australian Financial Services License by April 9, 2027. Businesses holding private keys or managing client assets fall under ASIC’s licensing regime, whereas entities solely facilitating exchanges without custody remain under AUSTRAC’s supervision.