Regulatory Alerts2025-10-29
Updated ASIC Guidance Supports Digital Asset Innovation and Boosts Investor Protection
The Australian Securities and Investments Commission (ASIC) has updated its guidance to clarify that stablecoins, wrapped tokens, tokenised securities, and digital wallets constitute financial products under existing law, requiring most providers to obtain an Australian Financial Services licence. To facilitate compliance ahead of proposed government reforms, ASIC granted a sector-wide no-action position until 30 June 2026 and proposed targeted regulatory relief for eligible stablecoin and wrapped token distributors. While the transitional measures allow firms time to adapt, ASIC will continue to enforce strict action against egregious misconduct or widespread systemic harm, with public feedback on the draft relief instruments open until 12 November 2025.