The Australian Securities and Investments Commission (ASIC), an independent government body acting as the national corporate regulator, has identified regulatory gaps in fast-growing fintech areas, especially digital assets.
The regulator’s new report titled “Key issues outlook 2026” released Tuesday expressed concerns that consumers are exposed to the rapidly expanding and unlicensed crypto, payments and artificial intelligence companies.
It argued that it is for the government to determine whether these new products or services should be brought under the regulatory purview, while warning that some entities may actively look to remain unlicensed, adding to the “perceived regulatory uncertainty.”
This behavior of some firms mandates that ASIC remains focused on watching regulatory boundaries and keeping licensing rules clear in 2026, the regulator said.
ASIC’s warning comes weeks after Australia introduced amends to the Corporations Act 2001 and Australian Securities and Investments Commission Act 2001 to carve out rules for companies handling customers’ digital assets.