The corporate regulator has finalised its long-awaited guidance on which digital assets it considers to be financial products under corporate law and therefore require issuers to obtain licences to boost investor protections.
Among 18 examples in which it explained which crypto structures are captured by the Corporations Act, the Australian Securities and Investments Commission said stablecoin issuers will need licences.
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James Eyers writes on banking, finance, payments, regulation and emerging technologies. Based in Sydney, he is a former legal and investment banking editor at the AFR and has been a business journalist for more than 20 years. Email James at jeyers@afr.com.au
