The Australian Securities and Investments Commission has clarified how existing financial laws apply to digital assets. The update aims to give investors more protection and provide firms with clearer rules ahead of future law reforms. Digital assets meet tradfi in London at the fmls25The clarification follows earlier proposals for full licensing and stronger consumer protections for crypto firms in Australia. Stablecoins, Tokens Classified as Financial ProductsASIC’s new guidance confirms that stablecoins, wrapped tokens, tokenised securities, and digital asset wallets are considered financial products under current law. This means that many providers offering these products will need to hold a financial services licence. ASIC Commissioner Alan Kirkland said that distributed ledger technology and tokenisation are changing global finance. He added that ASIC’s guidance gives firms the clarity they need to operate within existing laws. He explained that licensing ensures consumers receive legal protections and enables ASIC to take action when poor practices cause harm. To help firms adjust, ASIC has introduced a sector-wide no-action position that will last until 30 June 2026. During this period, the regulator will not take enforcement action against unlicensed providers making genuine efforts to comply. Public Feedback Open on Draft ReliefASIC also plans to provide temporary relief for distributors of stablecoins and wrapped tokens, and for custodians of digital assets that qualify as financial products. The regulator is seeking public feedback on these draft relief measures until 12 November 2025. No-Action Position Considered for Past BehaviourIn addition, ASIC released a summary of industry feedback from Consultation Paper 381, which focused on digital asset financial products and services. The feedback helped shape the current guidance, including the examples and relief measures now proposed. ASIC said it will consider the no-action position when assessing past behaviour but will continue to act against serious misconduct or practices that cause significant consumer harm. This article was written by Tareq Sikder at www. financemagnates. com.
Category: finance
OpenAI signs deal with PayPal to let users link wallets to ChatGPT for transactions
Charles Forelle, who recently left his role as deputy editor at The Wall Street Journal, has been hired at CBS News in a similar role, reports Lachlan Cartwright of Breaker. He had been deputy editor in chief at The Journal since 2023. He was previously financial editor and had been a reporter at the Journal since 2002, [.].
The post Indian Court XRP Ruling May Complicate WazirX Hack Claims Process appeared com. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process-not noise. 👉 Sign up → The Madras High Court in India has ordered WazirX’s operator, Zanmai Labs, to provide a bank guarantee of approximately $11,800 for a user’s frozen 3, 532 XRP tokens following a 2024 cyberattack that stole $235 million in assets. This ruling recognizes cryptocurrency as property held in trust, potentially complicating WazirX’s Singapore-based restructuring for Indian users. Madras High Court mandates bank guarantee for WazirX user’s XRP holdings post-hack. Ruling affirms cryptocurrency as possessable property under Indian law, enabling trust-based claims. WazirX’s $235 million loss from 2024 hack leaves insufficient tokens for user liabilities, per court documents. Discover how the Indian court’s WazirX ruling impacts crypto users after the $235M hack. Explore restructuring plans and legal implications for exchanges. Stay informed on crypto regulations today. What is the significance of the Madras High Court ruling on WazirX cryptocurrency claims? The Madras High Court ruling on WazirX marks a pivotal moment in recognizing cryptocurrencies as legal property in India. Delivered on Saturday by Justice N. Anand Venkatesh, the decision requires WazirX’s operator, Zanmai Labs, to issue a bank guarantee worth about $11,800 to.
Oil steadied after two-day drop as investors weighed signs of glut and the fallout from western sanctions on Russian producers.
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Citi teams up with Coinbase to boost digital asset payment capabilities for clients
TLDR Sharplink Gaming purchased 19, 271 ETH worth approximately $80 million, ending a month without new acquisitions The company now holds 859, 400 ETH valued at roughly $3. 6 billion, making it the second-largest corporate Ethereum holder Sharplink raised $76. 5 million through equity offering at $17 per share, a 12% premium to market price Corporate treasuries collectively hold [.] The post Sharplink Gaming Buys $80M in Ethereum for Treasury After Month-Long Break appeared first on CoinCentral.
Avidity stock surges on $12B Novartis deal
Earnings Snapshot: Celestica beats Q3 results, raises Q4, full-year guidance
Earnings Snapshot: Celestica beats Q3 results, raises Q4, full-year guidance