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@ asyncmind
2025-06-06 05:49:29
🚨 ASIC just dropped a smoke bomb on Aussie crypto exchanges — and if you're a dev, token founder, or protocol builder: this hits you too.
https://files.sovbit.host/media/16d114303d8203115918ca34a220e925c022c09168175a5ace5e9f3b61640947/b3648623644c556ee2796fa84bedb3998a8b5e736eadfa11cbdc99b13a8ea3ef.webp
No definitions. No pathways. Just expectations.
“Undertake legal analysis.”
“Prove your token isn’t a financial product.”
“Even if there’s no harm, we might prosecute anyway.”
Sound familiar? It’s the Chair Gensler mind virus, just wearing a kangaroo suit now.
Here's the kicker:
ASIC’s view has "evolved" — but they won’t explain how. Meanwhile, you better start acting like every token could trigger a regulatory landmine.
🔥 If you're:
– Launching a token
– Building in the open
– Using offshore info
– Listing anything with utility claims
You’re already on the radar.
💡 Solution?
– Document everything
– Stop calling it “utility” — describe what it does, not what it might be worth
– Get disclaimers up
– Build for code, not court
I write smart contracts. I build protocols. I’m not a lawyer. But I’m not walking into ASIC’s regulatory ambush like a numpty.
Code smart. Document smarter. Survive the fiat fog.
#Bitcoin #CryptoLaw #ASIC #Web3Compliance #AussieCrypto #DamageToken #SmartContracts #TokenLaunch #CryptoRegulation #BuildersNotBagholders