ASIC Pushes Function-Based Crypto Regulation, Diverging from US/EU

Australia securities regulator ASIC published an expert opinion paper arguing crypto should be regulated by the financial function it performs, not by the technology behind it. This function-based approach diverges from both US and EU regulatory frameworks.

Medium impact🇦🇺 AustraliaRegulationBTCETHASIC

APAC FINSTAB analysis

For APAC operators, this creates a medium-impact signal around regulation in Australia. Protocols/assets in scope: BTC, ETH. Named institutions or platforms: ASIC. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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APAC FINSTAB analysis → Original source ↗

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APAC FINSTAB analysis → Original source ↗

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APAC FINSTAB analysis → Original source ↗

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APAC FINSTAB analysis → Original source ↗