Definition ∞ An AFS Licensee is an entity authorized to provide financial services in Australia. This license permits individuals or companies to offer financial product advice, deal in financial products, or operate managed investment schemes. Adherence to strict regulatory requirements protects consumers and maintains market integrity.
Context ∞ The regulatory environment for AFS Licensees is constantly changing, particularly concerning the classification and handling of digital assets. Many crypto-related businesses seek to operate under an AFS license to legitimize their services and meet compliance expectations. Understanding their obligations is crucial for navigating Australia’s digital asset market news.
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