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Australian ASIC Commissioner: Many crypto-asset companies will need to obtain financial services licenses under the Companies Act
Speaking at the AFR Digital Asset Summit, Alan Kirkland, commissioner of the Australian Securities and Investments Commission (ASIC), said that many crypto asset companies will need to obtain a financial services license under the Companies Act. ASIC believes that some crypto assets should be classified as financial products, but there are uncertainties due to the fact that the crypto sector does not fully align with the current regulatory model. ASIC plans to update its guidelines by November t...
2024-09-23 05:22:28
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