Does a crypto exchange offering wallet services in Australia always need the same licence?

Not necessarily. Regulatory treatment depends on whether particular digital assets or arrangements are financial products, and what services are performed.

The answer

Not necessarily. Regulatory treatment depends on whether particular digital assets or arrangements are financial products, and what services are performed.

What to do next

Use ASIC’s current digital-assets information and review applicable financial-services, consumer and AML/CTF requirements before making claims about licensing.

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Frequently asked questions

Does calling a service “decentralised” remove Australian legal obligations?

No. ASIC assesses the substance of the product and the service offered.

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