You can see the rules and regulations in other jurisdictions.
Australia's regulation of digital marketplaces and cryptoassets is evolving. The regulatory framework is 'technology neutral' so will take action when cryptoassets are deemed to be financial products. 2021 saw a shift in focus towards digital platforms and cryptoassets as their own sector, with ASIC issuing instructions for exchange-traded products that invest in cryptocurrencies (bringing them under AFSLs). Additionally, guidelines were established for financial markets listing such products.1
In addition, the Australian government has launched a series of regulatory reviews related to cryptoassets, whose recommendations may lead to the inclusion of crypto exchanges and custody providers in regulation. A token mapping exercise to determine the relevant features and regulated status of cryptoassets in the market is also included as part of this proposal to recognize decentralised autonomous organisations (DAOs) as legal entities in Australia.1
