In brief
- ASIC has released an updated version of Info Sheet 225, expanding how financial-services laws apply to digital assets, including stablecoins, staking, and tokenized products.
- The guidance introduces new custodial standards and 18 classification examples while reaffirming that Australian law applies to offshore and decentralized platforms serving local users.
- The update aligns with Treasury’s forthcoming digital-asset-platform and payments legislation and follows ASIC’s earlier class relief for licensed stablecoin distributors.
Australia’s financial regulator has issued a major update to its digital-asset guidance, expanding how existing financial-services laws apply to crypto businesses as the government prepares sweeping new legislation.
The Australian Securities and Investments Commission on Tuesday published a revised version of Info Sheet 225, clarifying when digital-asset products and services are likely to be considered financial products under the Corporations Act.
The latest update replaces earlier “crypto-asset” terminology with the broader term “digital assets,” intended to capture virtual, tokenized, and coin-based products without
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Author: Sebastian Sinclair
