Australia’s Regulator Designates Digital Assets as Financial Products in Major Guidance Update

The Australian Securities and Investments Commission (ASIC) has released updated guidance clarifying when digital assets—such as stablecoins, wrapped tokens, tokenised securities and digital wallets—fall under existing financial-product laws.

Under the new framework, firms dealing in these assets will often need to hold an Australian Financial Services (AFS) licence and will be subject to disclosure, custody and conduct rules similar to those for traditional financial products. Recognising the transition challenge, ASIC has granted a “no-action” relief period until June 30 2026 for eligible entities, giving the industry some breathing room to adapt.

Clever Robot News Desk 31^th October 2025