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Australia’s ASIC flags crypto as ‘regulatory perimeter’ risk alongside AI, payments

2 min read
Australia’s ASIC flags crypto as ‘regulatory perimeter’ risk alongside AI, payments

Australia's securities regulator, the Australian Securities and Investments Commission (ASIC), has identified digital assets, artificial intelligence (AI), and payment systems as key areas of concern in its 2026 regulatory outlook. In its latest report, ASIC emphasizes that businesses that exploit gaps in licensing regulations will be a primary focus for enforcement in the coming year.

ASIC's findings highlight the growing complexity surrounding digital assets, which include cryptocurrencies and other blockchain-based financial instruments. As the market for these assets continues to evolve, the need for comprehensive regulation becomes more pressing. The regulator warns that companies operating in this space must ensure compliance with existing laws to avoid potential repercussions.

Alongside digital assets, ASIC has also flagged AI and payment systems as sectors requiring heightened scrutiny. The rapid advancement of AI technologies poses unique challenges, particularly regarding ethical use and transparency. In tandem with the growing popularity of digital payments, the regulator is keen to ensure that companies in these industries adhere to appropriate licensing and conduct standards.

The report underscores ASIC's commitment to fostering a fair and transparent financial environment while highlighting the risks associated with emerging technologies. The regulator is poised to take action against entities that fail to meet licensing requirements, a move that could significantly impact the operations of many firms in the digital asset space.

As Australia continues to refine its regulatory framework, stakeholders are urged to stay informed about the evolving landscape and ensure compliance with all applicable regulations. ASIC's focus on digital assets, AI, and payment systems reflects a broader trend of increasing scrutiny in the financial sector, as regulators worldwide grapple with the implications of new technologies.

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This article was inspired by reporting from CoinTelegraph. · Report an issue

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