ASIC’s Longo says that the organisation will take action against “high-risk” crypto products.

Australia’s financial services and markets regulator has sent out another stern warning to crypto-based financial product issuers, especially those who market high-risk products in the wrong way.

In his opening speech at the Australian Securities and Investment Commission’s (ASIC) annual forum on Nov. 3, local time, ASIC chair Joe Longo said that the agency will use the laws it already has to keep an eye on “risky and complex products” to protect consumers.