“GROW OR SLOW, RULES MUST FLOW.”
Key Takeaways:
- Crypto is growing fast in Australia: Many people now use digital money, so clear rules are needed to keep everyone safe.
- ASIC is closing the grey zone: Companies must follow proper rules, get licenses, and protect users. Cutting corners is no longer allowed.
- Build fast, but build right: New ideas are welcome, but businesses must act responsibly and put people first.
When Money Goes Digital, Should Rules Follow?
Australia is using digital money more and more. Many people now trust new money apps. They use crypto platforms and buy digital coins.
But fast growth can be risky. When money grows too fast, people can get hurt. So, Australia’s top money watchdog is stepping in to help keep everyone safe.
The Australian Securities and Investments Commission, called ASIC, says many crypto and fintech companies work in a “grey zone.” This means they do not always follow clear rules.
Some companies use new tools like crypto apps, digital payments, and AI advice to avoid normal rules. ASIC says this cannot continue.
Rules Apply to Everyone
For years, some sites provided cryptocurrency services or financial advice without the necessary authorisation.
According to ASIC, this could be detrimental to consumers, particularly if there is unclear accountability or supervision. If something goes wrong, people can lose money and be unprotected.
AI-powered financial advise products and unregulated cryptocurrency platforms are currently being intensively monitored by ASIC. The regulator wants businesses to adhere to the same rules as conventional financial institutions.
It is insufficient to merely have an AI policy. Businesses must demonstrate their ability to manage their systems and shut them down if they behave against the interests of their customers.
Making Australia’s Markets Safer
Another major issue is retirees. Over $750 billion will be transferred into retirement benefits in Australia over the course of the next ten years. Retirees’ investments may be at risk if they use unregulated platforms to get bad or dangerous advice.
ASIC aims to prevent elderly Australians from being forced into inappropriate cryptocurrency investments.
Australia’s banking system is under strain at the same time. After a significant outage in 2024 revealed flaws, the outdated CHESS settlement system is being upgraded.
In order to prevent additional dangers, ASIC is keeping a careful eye on the Australian Securities Exchange’s intentions to implement the new system by the middle of 2026.
BTC/USD Chart TradingView
| Area | Before | Now (2025–2026) |
| Crypto Adoption | Early users | 32% of Australians own crypto |
| Regulation | Grey zone | ASIC tightening oversight |
| Licensing | Often avoided | Mandatory for most platforms |
| Stablecoins | Limited clarity | Approved coins like AUDM eased |
Conclusion
“Build Fast ! But Build Right.” More people in Australia are using cryptocurrency every year. In 2025, many Australians owned digital money. This shows that crypto is now very popular.
ASIC is taking a fair step. It watches bad players more closely. At the same time, it makes rules easier for safe coins like AUDM.
ASIC gives a clear message. Companies cannot rush and fix problems later. They must do things the right way from the start.
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