Wu said that the Australian Securities and Investments Commission (ASIC) has released consultation paper CP 381, updating the guidance document on digital assets, INFO 225. The new draft adds 13 practical cases on how the current definitions of financial products apply to digital assets and related products. ASIC is seeking feedback on the following aspects: the updates to INFO 225, the applicability of the existing financial services licensing process to digital asset businesses, issues regarding stablecoin and token licensing, and potential regulatory relief. The deadline for public feedback is February 28, 2025, and the final version is expected to be released in mid-2025.