The Australian Securities and Investments Commission (ASIC) has updated its guidance on digital asset regulation in anticipation of upcoming legislation. This expansion encompasses virtual assets and tokenized products, broadening the scope to include not just traditional cryptocurrencies. The revised guidance introduces new licensing requirements for digital asset platforms, including yield tokens, stablecoins, and staking schemes. It also mandates a net asset threshold of $10 million for custodians unless offering ancillary services. This move aims to enhance regulatory clarity and ensure compliance with Australian law for global platforms targeting the country’s market. ]