ASIC has released an updated Info Sheet "Digital assets: Financial products and services" ("INFO 225"), clarifying how existing financial services laws apply to digital assets and announcing a no-action position until 30 June 2026.

This Gen Advisory infographic provides a diagrammatic summary of APRA's and ASIC's various licensing requirements.

Gen Advisory's Michael and Clement  have been helping Australian PSPs and DCEs better understand their licensing & regulatory obligations.

The FinTech sector continues to grow rapidly. Regulatory considerations need not be a "necessary nuisance" for FinTechs; they can actually be key to a FinTech's success. First published: 1 October 2020 Author: Adam Turner Early-stage FinTech startups are often passionate about new technology and its potential to disrupt the financial services sector, but their areas of expertise may not extend to regulatory issues. While it is tempting to treat these issues as an afterth

Cryptocurrencies are here to stay, but as with most ground-breaking innovations, they have the potential to do both harm and good. FinTechs and ADIs must tread with care. Shaking up the finance world, cryptocurrencies do not physically exist as coins or notes and are not issued by a country's central bank. Instead, they are digital tokens. Bitcoin is the most well-known cryptocurrency, but far from the only one in operation. The potential social harm of cryptocurrencies One o

Gen Advisory's view is that cryptocurrencies are here to stay. Our firm is excited to announce a strategic partnership with Merkle Science - a Singapore-headquartered blockchain transaction monitoring solutions company. This partnership enhances Gen Advisory's ability to provide end-to-end AML-CTF support to cryptocurrency providers and exchanges in Australia. Read our joint press release here: https://bit.ly/2TQ67sZ