The Australian Securities and Investments Commission (ASIC) has released important updates to its guidance in INFO 225 on the regulation of digital assets, including in relation to digital asset exchanges, digital wallets, tokenisation, and offshore digital asset businesses promoting, selling or providing services in relation to digital assets in Australia. The significance of these updates is that, if a digital asset is a “financial product,” the entity issuing, dealing in, advising on, or providing a…
Australia’s long awaited draft legislation for digital assets and tokenised custody platforms was released on 25 September 2025. The proposed changes extend the current financial services regulatory regime to operators of Digital Asset Platforms (DAPs) and Tokenised Custody Platform (TCPs) in a tailored manner and impose new requirements on DAP and TCP operators. Notably, entities providing specified services in relation to DAPs or TCPs will be required to hold an Australian Financial Services Licence (AFSL). …
Last month, the Australian Tax Office published a notice detailing its latest data collection and surveillance requirements for crypto designated service providers in Australia. Specifically, the ATO will acquire account identification and transaction data from crypto designated service providers for the 2023-24 financial year through to the 2025-26 financial year inclusively. The data items include: client identification details (names, addresses, date of birth, phone numbers, social media account and email addresses) and transaction details (bank…
In late March 2022, in the opening hours of Blockchain Week, Minister Jane Hum announced that the Australian Government had released a consultation paper which proposed a new regulatory and licensing regime for ‘crypto asset secondary service providers’ (CASSPrs). This followed a call by Senator Andrew Bragg earlier that day for crypto reforms to be consolidated into a comprehensive legislative package (including a ‘Digital Services Act’). A write-up concerning these proposals may be found here.