Australia's financial regulator, the Australian Securities and Investments Commission (ASIC), has published updated guidance that includes key digital assets in existing financial services legislation.
The guidelines explicitly classify stablecoins, wrapped tokens, tokenized securities, and related portfolios as financial products.
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Consequently, companies offering these services must obtain a local financial services license.
To facilitate a smooth transition, ASIC is granting an exemption period for the entire sector until June 30, 2026, giving companies time to comply with the regulations.