**[Australian Financial Regulator Issues Updated Guidance, Proposes Expanding Cryptocurrency Regulation Scope]** Golden Finance reports that the Australian Securities and Investments Commission (ASIC) released a revised version of *Information Sheet 225* on Tuesday, clarifying which digital asset products and services may be classified as financial products under the framework of the *Corporations Act*. The latest update replaces the previously used term "crypto-assets" with the broader term "digital assets," aiming to comprehensively cover virtual assets, tokenized assets, and token-based products without omission. Although the guidance does not carry the force of new legislation, ASIC stated that its purpose is to provide businesses with greater regulatory certainty ahead of the Australian Treasury's planned introduction of the *Digital Asset Platforms and Payment Service Providers bills*. This legislation will establish a formal licensing regime for cryptocurrency exchanges, custody platforms, and certain stablecoin issuers. Additionally, ASIC reiterated that under current laws, various digital assets—including yield-bearing tokens, staking programs, and asset-referenced stablecoins—may require an *Australian Financial Services license*. This final version of the guidance builds on ASIC's consultation work conducted in December 2024, expanding the number of practical case studies from 13 to 18 and adding new sections on custody, fund management, and transitional exemptions. The practical case studies cover a wide range of topics, including exchange-issued tokens, gaming-related non-fungible tokens (NFTs), yield-bearing stablecoins, wrapped tokens, and staking-as-a-service platforms.