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). …