ASIC Consultation Paper 381 Update to INFO 225: Digital Assets: Financial Products and Services (CP 381)
Submission Date: 7 March 2025
This submission is made by the Digital Commerce Committee and the Financial Services Committee of the Business Law Section of the Law Council of Australia (the Committees) in response to CP 381, which was released by the Australian Securities and Investments Commission (ASIC) in December 2024.
CP 381 seeks feedback on a proposed update to ASIC Information Sheet 225 Digital assets: Financial products and services (INFO 225) and ASIC’s proposed approach to licensing digital assets and businesses.
The Committees agree that it is appropriate for ASIC to revisit the content of INFO 225 at this point in time in light of the growth and development of the digital assets industry, as well as legal and policy developments both in Australia and in other jurisdictions. Overall, the Committees consider that the guidance ASIC has proposed in CP 381 will be helpful to the digital assets industry and other relevant stakeholders.
Last Updated on 30/04/2025
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