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The Australian Securities and Investments Commission (ASIC) has released a draft consultation paper, CP 381, aimed at updating its regulatory framework for digital assets. This initiative seeks to clarify licensing requirements for stablecoins, wrapped tokens, and digital asset platforms. ASIC is also considering 'no-action' positions for startups seeking key licenses, indicating a more accommodating approach for new entrants in the digital asset space. The regulator is actively soliciting feedback from industry stakeholders to refine these guidelines, which could significantly impact the future landscape of cryptocurrency regulation in Australia.
Australian Treasury Proposes New Consumer Data Right Rules for Non-Bank Lenders https://t.co/1st1HDbYbU @FSU_Australia #australia #consumerdata #nonbanklending https://t.co/rUhNuAXhdU
The Australian Securities and Investments Commission (ASIC) has issued a consultation paper outlining proposed updates to its digital asset regulatory guidance, marking a step forward that could have "far-reaching" implications. https://t.co/boZtbxAd8U
Australia's ASIC is updating its crypto regulations! 🇦🇺 The regulator wants your input on licensing, consumer protection, and the government's proposed digital asset platform. 🗳️ Let's shape the future of crypto in Australia!
