**Regulator Grants No-Action Period for Crypto Firms Until June 2026**
The Australian Securities and Investments Commission (ASIC) has introduced a sector-wide no-action position for crypto firms, effective until June 30, 2026. During this period, ASIC will not take enforcement action against unlicensed providers who are making genuine efforts to comply with existing financial regulations. This temporary relief offers stability to the sector as firms adjust ahead of future legislative reforms.
—
### Temporary Relief for Stablecoin and Wrapped Token Distributors
ASIC also plans to provide temporary relief for distributors of stablecoins, wrapped tokens, and custodians of digital assets that qualify as financial products. The regulator is currently seeking public feedback on these draft relief measures until November 12, 2025.
—
### Clarifying How Financial Laws Apply to Digital Assets
This update from ASIC clarifies how current financial laws apply to various digital assets, aiming to give investors stronger protections and provide firms with clearer regulatory guidelines.
ASIC’s new guidance confirms that stablecoins, wrapped tokens, tokenised securities, and digital asset wallets are considered financial products under existing laws. Consequently, many providers offering these products will need to hold a financial services licence to operate legally.
—
### ASIC Commissioner Comments
ASIC Commissioner Alan Kirkland highlighted the significance of distributed ledger technology and tokenisation in transforming global finance. He emphasized that ASIC’s guidance provides much-needed clarity, allowing firms to operate confidently within the law. Kirkland also noted that licensing ensures consumers have legal protections and enables ASIC to take action against misconduct that harms the market or consumers.
—
### Public Consultation and Past Behaviour Considerations
In addition to the no-action position, ASIC released a summary of industry feedback from Consultation Paper 381, which focused on digital asset financial products and services. The feedback has helped shape the current guidance, including the proposed relief measures.
While the no-action position provides some leniency, ASIC affirmed that it will continue to take action against serious misconduct or practices causing significant consumer harm. The regulator will also consider the no-action position when evaluating past behaviour from firms in this space.
—
### About ASIC
The Australian Securities and Investments Commission (ASIC) is Australia’s primary regulator for corporate, markets, financial services, and consumer credit. Established under the Australian Securities and Investments Commission Act of 2001, ASIC is empowered to facilitate, regulate, and enforce Australian financial laws. It was initially formed as the Australian Securities Commission based on the 1989 ASC Act.
—
### About the Author
**Tareq Sikder**
A Forex technical analyst and financial writer with 12 years of experience, Tareq Sikder has authored over 1,800 articles covering the latest developments in finance and cryptocurrency.
—
*Stay informed with Finance Magnates Daily Update – Get all the top financial news delivered straight to your inbox.*
[Subscribe Here]
*By subscribing, you agree to our Terms of Use and Privacy Policy. You may unsubscribe at any time. This site is protected by reCAPTCHA, and the Google Privacy Policy and Terms of Service apply.*
https://www.financemagnates.com/cryptocurrency/asic-confirms-stablecoins-and-tokenised-assets-fall-under-financial-law/