Asic has sounded the alarm on crypto-linked products following new regulatory crackdowns from the UK, Canada and Japan which have banned digital assets exchange Binance.
The Australian Securities and Investment Commission (Asic) is seeking feedback on its proposed good practices for exchange-traded products (ETPs) and other investments tracking crypto assets, including structured products, in a response to rising interest from market participants. The paper covers several proposals spanning the Information Sheet 230 (INFO 230) expectations, responsible entity (RE) obligations, listed investment entities and Australian Financial Services (AFS) licensing. &n
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