The Aussie financial markets regulator today released guidance for product issuers and market operators on how they can comply with the regulatory obligations regarding crypto-asset exchange traded products (ETPs) and other investment products.
ASIC has added a new ‘crypto-asset’ category on the licensing application for cryptocurrency service providers.
ASIC Commissioner Cathie Armour said:
Crypto-assets have unique characteristics and risks that must be considered by product issuers and market operators in meeting their existing regulatory obligations.
The new regulatory guidance follows ASIC’s public consultation on crypto-assets in June 2021.
Independent writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.