ASIC Pushes For Greater Clarity In AFS License Process For Crypto Industry
The Australian Securities and Investments Commission (ASIC) has released a consultation paper outlining proposed updates to its Information Sheet 225 (INFO 225) on digital assets. This consultation aims to provide greater clarity on how Australia’s financial services laws apply to digital assets and related products.
ASIC’s updates to INFO 225 are designed to help industry stakeholders better understand the regulatory landscape for digital assets. Key among the proposals is the addition of 13 practical examples illustrating how the current financial product definitions apply to digital assets. The commission aims to ensure responsible financial innovation while maintaining consumer protection and market integrity.
