Australia Crypto Industry Slams ASIC Digital Asset Regulation Draft Changes
The Australian Securities and Investments Commission (ASIC) released a new consultation paper while providing key updates to the digital assets guidance and related financial products. With this update, the regulator seeks to provide greater clarity on how the existing financial product definition applies to crypto, and can be part of the digital asset regulation. However, some crypto industry experts slammed the move saying that it will benefit only big businesses and push small players out of the market.
Australia’s ASIC Seeks Feedback on Crypto Guidance
Australia’s top financial regulator ASIC released Consultation Paper 381 (CP 381) earlier today outlining the updates to…
