According to ChainCatcher, Australian financial regulators are seeking feedback on updates to their digital asset guidelines, aiming to clarify how the Corporations Act of 2001 applies to digital assets.
The Australian Securities and Investments Commission (ASIC) has listed 13 real-world cases illustrating how the current definition of financial products applies to digital assets and related products.
The updated guidelines will detail how businesses can obtain an Australian Financial Services (AFS) license and outline the standards for assessing license applications, emphasizing compliance with financial services laws.