Australia Expands Digital Asset Regulation

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Important Announcement from the Australian Securities and Investments Commission

The Australian Securities and Investments Commission (ASIC) has announced that many digital assets are subject to existing financial laws and require licensing. This statement indicates that new licensing regulations for digital assets are on the way.

New Custody Standards and Legal Warnings

New speculation suggests that custody standards have set clear tangible asset thresholds of up to 10 million Australian dollars. This situation presents a new framework significant for investors.

ASIC issued a warning regarding overseas and decentralized platforms. It stated that if these platforms target users in Australia, Australian laws will apply.

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Australia, digital asset, licensing, ASIC, financial laws