ChainCatcher News, the Australian financial regulator is seeking feedback on updates to its digital asset guidelines. These changes aim to clarify how the Corporations Act 2001 applies to digital assets and to guide entities providing related financial services.

The Australian Securities and Investments Commission (ASIC) listed 13 practical examples in a document, demonstrating 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 to handle digital assets classified as financial products. It also outlines the standards ASIC uses to assess license applications, emphasizing compliance with financial services law.