AustraliaASIC releases guidance: Bitcoin NOT a financial product, BTC-only exchanges exempt from licensing. Stablecoins, wrapped tokens, and tokenized securities need licenses by June 30. Industry welcomes clarity but flags bottlenecks, limited expertise, banking access, and insurance gaps. Compliance becomes a logistical challenge.7/8 ...

Australia classifies stablecoins, wrapped tokens as financial products in updated guidance https://t.co/MnyDPw4kZh ...

Crosschain swaps...≠ wrapped tokens≠ trusting anyone≠ bridge dramatell a fren.🅰︎🅽︎🅳︎🆁︎🅴︎☯🦧 (@0xAndreeee):So yeah Most people think “cross-chain” means bridging wrapped tokens or trusting third parties.But @ShapeShift quietly built something that flips that entire model ... letting you swap real BTC for real ETH… no wrapping, no custody, no middlemen.➤How ShapeShift lets you https://t.co/PORLgkOIyd ...