Australia’s Financial Regulator Flags Broader Oversight of Crypto Under Updated Guidance
Update: 2025-10-29
Description
Australia's financial regulator, ASIC, has updated its guidelines for crypto businesses, expanding the definition of digital assets and providing clearer rules on when a financial license is required. This update, which includes eighteen worked examples, may see many digital asset companies needing an Australian Financial Services license. ASIC has introduced transitional measures and shown leniency for companies actively working to comply. The update is a precursor to new laws setting up a full licensing regime for exchanges and custodians later this year.
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