{"id":133404,"date":"2025-12-23T19:49:46","date_gmt":"2025-12-24T00:49:46","guid":{"rendered":"https:\/\/www.bloomberg.com\/professional\/insights\/regulation\/december-global-regulatory-brief-digital-finance-2\/"},"modified":"2025-12-23T19:49:46","modified_gmt":"2025-12-24T00:49:46","slug":"december-global-regulatory-brief-digital-finance-2","status":"publish","type":[3762],"link":"https:\/\/www.bloomberg.com\/professional\/insights\/regulation\/december-global-regulatory-brief-digital-finance-2\/","title":{"rendered":"December Global Regulatory Brief: Digital finance"},"content":{"rendered":"<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a09a51c7e7f4'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-7\"\n    style=\"\"\n    >\n    <p><div\n    class=\"bbg-spacer bbg-spacer--lg\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p class=\"small\"><strong><span style=\"font-size: 14px; letter-spacing: 1px; color: #0062dd;\">ARTICLE<\/span><\/strong><\/p>\n\n<\/div>\n<div\n    class=\"bbg-spacer bbg-spacer--sm\"\n    >\n<\/div>    <h1 class=\"bbg-metadata bbg-metadata--title\">December Global Regulatory Brief: Digital finance<\/h1>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 50px !important\"\n    >\n<\/div>    <ul class=\"bbg-categories_list\">\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/financial-services\/\" rel=\"category tag\">\n                    Financial Services\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/markets\/\" rel=\"category tag\">\n                    Markets\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/regulation\/\" rel=\"category tag\">\n                    Regulation\n                <\/a>\n            <\/li>\n            <\/ul>\n<\/p>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-5\"\n    style=\"\"\n    >\n    <div id=\"\" class=\"wpb_content_element bbg-single-image align-left\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"2398\" height=\"1600\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/data-1.jpg\" class=\"bbg-single-image__image attachment-full\" alt=\"\" title=\"\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/data-1.jpg 2398w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/data-1.jpg 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/data-1.jpg 800w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/data-1.jpg 768w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/data-1.jpg 1536w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/data-1.jpg 2048w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/data-1.jpg 600w\" sizes=\"auto, (max-width: 2398px) 100vw, 2398px\" \/>\n        \n            <\/figure>\n<\/div>\n\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a09a51c8bf2e'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-6 bbg-column--m-width-6\"\n    style=\"\"\n    >\n    <p>    <p class=\"bbg-metadata bbg-metadata--date\">December 23, 2025<\/p>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><strong>Bloomberg Professional Services<\/strong><\/p>\n\n<\/div>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2 bbg-column--valign-middle bbg-column--m-width-2 bbg-column--s-padding-right-2\"\n    style=\"\"\n    >\n    <div class=\"bb-tts\"\n\tdata-selector=\"main\"\n\tdata-label=\"Speak this page\"\n\tdata-custom-play=\"Play\"\n\tdata-custom-pause=\"Pause\"\n\tdata-custom-stop=\"Stop\"\n\tdata-overlay=\"false\"\n\tdata-invert=\"false\"\n\tdata-no-time=\"false\"\n\tdata-no-button-text=\"false\"\n\tdata-one-button=\"true\"\n\tdata-one-style=\"true\"\n\tdata-hide-stop=\"true\"\n\tdata-voice=\"Gordon\"\n\tdata-pitch=\"1\"\n\tdata-speed=\"1\"\n\tdata-align=\"flex-start\"\n>\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6a09a51c8f419'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><i>The Global Regulatory Brief provides monthly insights on the latest risk and regulatory developments. This brief was written by Bloomberg\u2019s Regulatory Affairs Specialists.<\/i><\/p>\n<p><span style=\"font-weight: 400;\">As technology continues to reshape financial services, regulators and policy setters are embarking on a range of digital-finance initiatives to manage risks and set appropriate standards. The following digital finance policy developments represent a sample of wider regulatory and policy coverage available to Bloomberg Terminal customers. Run REGS &lt;GO&gt; to find out more or contact your Bloomberg representative to learn more:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>UK:<\/b><span style=\"font-weight: 400;\"> FCA highlights need to balance AI innovation with human judgement<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Singapore: <\/b><span style=\"font-weight: 400;\">MAS updates guide on tokenization <\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Malaysia:<\/b><span style=\"font-weight: 400;\"> SC announces first cohort of sandbox participants <\/span><\/li>\n<li aria-level=\"1\"><b>Australia:<\/b><span style=\"font-weight: 400;\"> Publishes National AI Plan<\/span><\/li>\n<\/ul>\n<h2>Dominic Holland, FCA Director of Market Oversight, highlights need to balance AI innovation with human judgement and oversight<\/h2>\n<p><span style=\"font-weight: 400;\">On 14 November 2025, Dominic Holland, the FCA\u2019s Director of Market Oversight, delivered a<\/span> <a href=\"https:\/\/www.fca.org.uk\/news\/speeches\/composing-future-balancing-innovation-and-human-expertise-financial-markets\"><span style=\"font-weight: 400;\">speech<\/span><\/a> <span style=\"font-weight: 400;\">at XLoD Global London outlining the regulator\u2019s priorities in managing innovation within financial markets. He discussed how automation, data, and AI are transforming the way markets operate, stressing the importance of human expertise and adaptability to ensure these technologies are used responsibly and effectively. He also emphasized that collaboration across the industry can help market participants navigate the challenges ahead.<\/span><\/p>\n<p><b>Context<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The FCA acknowledges that dramatic technological change is taking place that has the potential to transform the wider financial services sector. This speech builds on the FCA&#8217;s view that the integration of artificial intelligence and advanced analytics presents significant opportunities for innovation in financial markets, while also amplifying risks that need to be managed appropriately.<\/span><\/p>\n<p><b>Key takeaways<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Holland noted that AI does not introduce new risks, but rather amplifies existing ones (especially around explainability, data quality, and model validation). He stressed that regulation and policy must develop at the same pace as technology, ensuring that innovation is matched by effective oversight and clear expectations for firms.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">He emphasised that, despite advances in automation, human judgement, skill, and collaboration remain vital in interpreting data, managing complexity, and maintaining effective market supervision.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With respect to the FCA&#8217;s own use of advanced analytics, Holland highlighted that the FCA\u2019s Market Oversight function processes vast quantities of market data each day and must continue evolving its systems and analytical capabilities to extract meaningful insights that support supervisory work.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">He also called for continued cooperation between regulators, market participants, and technology providers to share knowledge, develop robust systems, and ensure innovation benefits and opportunities are harnessed by the wider industry.<\/span><\/li>\n<\/ul>\n<p><b>Next steps<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Holland confirmed that the FCA will soon publish a Consultation Paper seeking views on improving the UK\u2019s transaction reporting regime; a core component of its data-driven supervision model. The FCA will also continue to invest in data and technology capabilities to enhance market oversight, while maintaining focus on human judgement and governance as essential elements of effective regulation.<\/span><\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--margin-top-compact bbg-row--margin-bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6a09a51c9214a'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <div\n    class=\"bbg-column\"\n    style=\"\"\n    >\n    <div class=\"bbg-interstitial\" aria-label=\"interstitial\" tabindex=\"0\">\n\t<style>\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\tbackground: url(https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Interstitial_bg.png);\n\t\t\t\tbackground-repeat: no-repeat;\n\t\t\t\tbackground-position: center center;\n\t\t\t\tbackground-size: cover;\n\t\t\tpadding: 104px;\n\t\t\t\n\t\t\t\n\t\t}\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content, .bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content p{\n\t\t\tcolor:white;\n\t\t}\n\t\t@media (max-width: 768px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 32px;\n\t\t\t}\n\t\t}\n\t\t@media (max-width: 480px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 18px;\n\t\t\t}\n\t\t}\n\t<\/style>\n\t<div class=\"wpb_content_element bbg-card  bbg-card-dark bbg-card_hasCta has_interstitial\" id=\"card_1\" data-card_type=\"no_image\">\n  \n  \n  <div class=\"bbg-card__innerwrapper\">\n    <div class=\"bbg-card__content\">\n      \n      \n                      <h3 class=\"bbg-card__title\">Explore the latest regulatory insights with our outlooks, webinars, research and analysis.<\/h3>\n      \n              <div class=\"bbg-card__wysiwyg bb-wysiwyg\"><p>Sign up<\/p>\n<\/div>\n          <\/div>\n\n          \n<div\n  id=\"cta_3177512453487027284\"\n  class=\"wpb_content_element bbg-cta icon icon-arrow\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p right\">\n      <a\n        class=\"bbg-cta-link link interstitial_cta\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/insights\/regulation\/regulatory-insights\/\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"\"\n                role=\"button\"\n        aria-label=\"Learn more\"\n        >\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n\n      <\/div>\n\n  <\/div>\n\n<\/div>\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a09a51c9871a'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2>MAS updates guide on the tokenization of capital markets products<\/h2>\n<p><b>Summary<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The Monetary Authority of Singapore (MAS) has <\/span><a href=\"https:\/\/www.mas.gov.sg\/-\/media\/mas\/sectors\/guidance\/guide-on-the-tokenisation-of-capital-markets-products.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">updated<\/span><\/a><span style=\"font-weight: 400;\"> its regulatory guide on tokenized capital markets products (CMPs), clarifying how securities laws apply to digital tokens. The revised guide, released on 14 November 2025, replaces the earlier Digital Token Offerings (DTO) Guide and reflects evolving market practices and technologies.<\/span><\/p>\n<p><b>Context<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Originally published in 2017 and updated in 2020, the DTO Guide provided guidance on digital token offerings under MAS-administered laws. The latest update responds to growing interest in tokenizing CMPs and the expansion of token-related activities across the capital markets value chain, including trading, settlement, and custody.<\/span><\/p>\n<p><b>Key takeaways<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Technology-Neutral Approach: MAS continues to assess tokenized CMPs based on their economic substance rather than technological form.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Regulatory Scope: Tokenised CMPs are subject to the same requirements under the Securities and Futures Act (SFA) and Financial Advisers Act (FAA) as traditional CMPs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Disclosure Requirements: Issuers must disclose token-specific risks and characteristics, including DLT architecture, smart contracts, custody arrangements, and legal rights.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Licensing Obligations: Entities involved in issuance, trading, custody, or advisory services related to tokenised CMPs may require MAS licences unless exempted.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AML\/CFT Compliance: MAS reiterates the applicability of anti-money laundering and counter-terrorism financing obligations to token-related activities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Extra-Territorial Reach: MAS regulations may apply to overseas activities with substantial effects in Singapore.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Case Studies: The guide includes 17 illustrative case studies to help entities assess whether their tokens qualify as CMPs.<\/span><\/li>\n<\/ul>\n<p><b>Next steps<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Entities planning to issue or offer digital tokens in Singapore should:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Seek legal advice from Singapore-qualified counsel.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Review the guide and case studies to determine regulatory obligations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">If necessary, submit an enquiry to MAS using the checklist in Appendix 3.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">MAS may issue further updates to the guide as tokenization practices evolve.<\/span><\/li>\n<\/ul>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<div class=\"text-base my-auto mx-auto pb-10 &#091;--thread-content-margin:--spacing(4)&#093; @w-sm\/main:&#091;--thread-content-margin:--spacing(6)&#093; @w-lg\/main:&#091;--thread-content-margin:--spacing(16)&#093; px-(--thread-content-margin)\">\n<div class=\"&#091;--thread-content-max-width:40rem&#093; @w-lg\/main:&#091;--thread-content-max-width:48rem&#093; mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\" tabindex=\"-1\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal &#091;.text-message+&amp;&#093;:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"ce450871-b6d2-4300-a5d0-37168217625d\" data-message-model-slug=\"gpt-5-2\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-&#091;1px&#093;\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light markdown-new-styling\">\n<h2 data-start=\"0\" data-end=\"60\">SC announces first cohort of Regulatory Sandbox participants<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><span style=\"font-weight: 400;\">The Securities Commission Malaysia (SC) has <\/span><a href=\"https:\/\/www.sc.com.my\/resources\/media\/media-release\/sc-announces-first-cohort-of-regulatory-sandbox-participants\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">selected<\/span><\/a><span style=\"font-weight: 400;\"> six participants for the inaugural cohort of its Regulatory Sandbox, aimed at fostering innovation in the capital market. The sandbox provides a controlled environment for testing new products and services that enhance market vibrancy and inclusiveness.<\/span><\/p>\n<p><b>Context<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The Regulatory Sandbox was launched during the SCxSC Fintech Summit in 2024 as part of SC\u2019s innovation toolkit. Applications for participation were open between 15 April and 31 May 2025, attracting strong interest from diverse market players.<\/span><\/p>\n<p><b>Key takeaways<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Participants and Themes:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Alternative Real Estate Investments: Wahed X Sdn Bhd (Wahed) and Urban NX Sdn Bhd (Urby)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Secondary Market Innovation: Kapital DX Sdn Bhd (KLDX) and Pitch Platforms Sdn Bhd (PSTX 2.0)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Alternative Financing: Virtual Economy Technology Sdn Bhd (V Systems) and PeerHive (M) Sdn Bhd (PeerHive)<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Several participants will leverage advanced data analytics and blockchain to improve due diligence and introduce new operating models.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Testing will occur over approximately 12 months, starting in two batches: January 2026 or July 2026, depending on readiness.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The sandbox aims to balance innovation with investor protection, supporting responsible experimentation under defined parameters.<\/span><\/li>\n<\/ul>\n<p><b>Next steps<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Participants will begin testing in early or mid-2026.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Corporations with innovative business models can engage with the SC through the Alliance of FinTech Community (aFINity) by submitting proposals to <\/span><span style=\"font-weight: 400;\">afinity@seccom.com.my<\/span><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Further details on the sandbox framework are available via SC\u2019s official resources.<\/span><\/li>\n<\/ul>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2>The Australian government publishes its National AI Plan<\/h2>\n<p><span style=\"font-weight: 400;\">The Australian government <\/span><a href=\"https:\/\/www.industry.gov.au\/publications\/national-ai-plan\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">announces<\/span><\/a><span style=\"font-weight: 400;\"> that the Australian government is releasing the National AI Plan, &#8216;a comprehensive roadmap to build an AI-enabled economy that harnesses the full potential of artificial intelligence for the benefit of all Australians&#8217;.<\/span><\/p>\n<p><b>Further detail<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.industry.gov.au\/sites\/default\/files\/2025-12\/national-ai-plan.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">National AI Plan<\/span><\/a><span style=\"font-weight: 400;\"> has three goals:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Capturing the opportunities, including attracting investment in Australia\u2019s digital and physical infrastructure, supporting local capability, and positioning Australia as a leading destination for future AI investment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Spreading the benefits, including improving public services, supporting AI adoption and building skills across the economy, including for not-for-profits, universities, schools, TAFEs and community organisations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Keeping Australians safe, including through setting up the recently announced AI Safety Institute to monitor, test and share information on emerging AI capabilities, risks and harms, which builds on our commitment to robust legal, regulatory, and ethical frameworks and engaging internationally to protect rights and build trust.<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">The plan noted that Australia has strong protections in place to address many risks, but the technology is fast-moving and regulation must keep pace. That\u2019s why the government continues to assess the suitability of existing laws in the context of AI. The government is taking action to identify and understand how AI risks deal with specific harms, including reviews and regulations relating to online harms, copyright law, AI use in healthcare and consumer protections.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The announcement was backed by a $29.9 million commitment to establish the AI Safety Institute in early 2026 to ensure that the government is monitoring and responding to risks, supporting agencies and regulators.<\/span><\/p>\n<p><a href=\"https:\/\/www.minister.industry.gov.au\/ministers\/charlton\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Stated<\/span><\/a><span style=\"font-weight: 400;\"> the Minister of Science: &#8216;The National AI Plan is about making sure technology serves Australians, not the other way around&#8230;As the technology continues to evolve, we will continue to refine and strengthen this plan to seize new opportunities and act decisively to keep Australians safe&#8221;.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Business Council of Australia <\/span><a href=\"https:\/\/www.bca.com.au\/our-insights\/media-releases\/national-ai-plan-an-important-step-forward\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">called the plan<\/span><\/a><span style=\"font-weight: 400;\"> &#8220;an important step forward [that] charts a clear direction for how Australia can embrace AI to boost productivity, sharpen our competitiveness and raise living standards&#8221;.<\/span><\/p>\n\n<\/div>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <style>section[data-anchor=row-6a09a51c9c1e3]::before {\n\t\t\t\tbackground-color: #f4f4f9;\n\t\t\t}<\/style>\n    <section class=\"bbg-row bg--custom-color  bg--f4f4f9 text--black bbg-row--full-bg-bleed\" data-anchor='row-6a09a51c9c1e3'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n               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