On 4 December 2024, ASIC released Consultation Paper 381: Updates to INFO 225 Digital Assets: Financial Products and Services (“CP 381”), offering substantial proposed updates to the existing Information Sheet 225: Crypto Assets (“INFO 225”). These proposed updates include providing additional guidance on digital assets, the inclusion of worked examples and transitional relief for businesses who are in the process of applying for one or more licenses from ASIC. ASIC seeks feedback on the updates proposed in CP 381, with plans to finalize INFO 225 by mid-2025.