ASIC Seeks Crypto Guidance Update
This is a Australia news story, published by CoinGape, that relates primarily to Alan Kirkland news.
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Digital Assets RegulationCoinGape
•Australia Crypto Industry Slams ASIC Digital Asset Regulation Draft Changes
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Australia ’s top financial regulator ASIC released Consultation Paper 381 (CP 381 ) outlining the updates to Information Sheet 225 (INFO 225 ) regarding (IETH) and related financial products.
These products will provide clarity on how some of the traditional market rules are also applicable to digital assets.
ASIC Commissioner Alan Kirkland emphasized the importance of balancing responsible financial innovation with consumer protection.
However, some crypto industry experts slammed the move saying that it will benefit only big businesses.
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