On 7 September, ASIC released Corporate Plan for 2018-2022, which it says articulates ASIC’s updated vision, mission and our strategic plan to achieve them.

The Corporate Plan has once again highlighted ASIC’s intention to closely monitor ICOs and cryptocurrency in Australia.

This focus on ICOs and cryptocurrencies fits within one of ASIC’s six broad key focus areas – the potential harms from technology driven by the growing digital environment and structural changes in financial services and markets.

In addition, ASIC notes as one of its action areas for 2018-19 a new project of developing its approach to regulating market infrastructure providers to crypto exchanges, as well as monitoring emerging ICO products and intervening where there is poor behaviour and potential harm to consumers and investors.

See our update here on this development.