**[Australia ASIC Updates Digital Asset Regulatory Guidelines, Expands Scope]** The Australian Securities and Investments Commission (ASIC) released a revised version of *Information Sheet 225* (Info Sheet 225) on Tuesday, clarifying which digital asset products and services may be considered financial products under the framework of the *Corporations Act*. The updated guidelines replace the term "crypto-assets" with "digital assets" to encompass virtual assets, tokenized assets, and token-based products. Although the guidelines do not introduce new legal obligations, they aim to provide regulatory direction for the forthcoming *Digital Asset Platforms and Payment Service Providers Bill*. This bill proposes a licensing regime for cryptocurrency exchanges, custody platforms, and stablecoin issuers. ASIC emphasized that yield tokens, staking programs, and asset-referenced stablecoins may require an Australian Financial Services License. The final version of the guidelines includes new sections on custody, fund management, and transitional exemptions, and expands the number of practical case studies to 18.