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The Guardian - AU
The Guardian - AU
Technology
Ben Butler

Asic bolsters its cryptocurrency team and looks to regulate more digital assets

Ethereum and bitcoin coins
Asic may regulate cryptocurrencies, including Ethereum, by classifying them as financial products. Photograph: Dado Ruvić/Reuters

The Australian Securities and Investments Commission has bolstered it cryptocurrency team as it looks to regulate more digital assets by classifying them as financial products, a move that would make selling them to Australians more difficult.

Asic has yet to decide whether to classify Ethereum, the second most popular cryptocurrency after bitcoin, as a financial product after the way the currency operates changed last week.

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