The Australian Securities and Investments Commission (ASIC) has provided updated clarification on whether various kinds of digital assets and activities involve financial products or services, with most falling under existing laws. It is giving digital asset companies a blanket no-action relief until the end of June 2026.
“Many widely traded digital assets are financial products under current law – and will remain so under the Government’s proposed law reform – meaning many providers require a financial services licence,” said ASIC Commissioner Alan Kirkland. “Licensing ensures consumers receive the full suite of protections under the law and allows ASIC to act when poor practices lead to harm.”
“We recognise that firms will need time to consider the updated guidance and apply for licences, so ASIC has granted a sector-wide no-action position until 30 June 2026.”
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
