🚀 Australia’s crypto scene is getting a regulatory makeover! ASIC’s new guidance means crypto firms might need licenses, much like financial products. While big players can handle the heat, startups might feel the squeeze. But hey, at least there’s clarity now, right? 🤔

- ASIC wants feedback by Feb 2025, with final rules expected mid-2025.

- Some crypto assets like Bitcoin and Ether might dodge the licensing bullet.

- ASIC aims to balance innovation with consumer protection.

So, buckle up, Aussie crypto enthusiasts—it's going to be an interesting ride!