Australian Crypto Industry Gets Clarity and a Deadline: License by 2026
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The Australian Securities and Investments Commission (ASIC) has provided long-awaited clarity to the digital asset industry, confirming that stablecoins, wrapped tokens, and tokenized securities are considered financial products under current law.
This means any business offering these assets in Australia will need a financial services license.
Acknowledging the need for an adjustment period, ASIC has instituted a no-action relief, effectively giving the sector until June 30, 2026, to secure the necessary licenses and comply with the updated guidance.
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