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Australian securities regulator updates guidance on crypto assets

Australian securities regulator updates guidance on crypto assets – CoinGeek

The Australian securities regulator has published new guidance aimed at companies involved in promoting cryptocurrency assets and ICOs, in an attempt to bring greater regulatory clarity to the sector. The Australian Securities and Investments Commission (ASIC) released the updated guidance Thursday, which spells out the legal obligations cryptocurrency firms must discharge to operate lawfully, covering the ASIC Act, the Corporations Act and other applicable laws.