If you guys want the complete update on ASIC’s working relationship with FinTechs in Australia and feel like assuming what is happening behind the scenes serves no purpose other than speculation. Then sit back, open the link and read ASIC’s latest speech in Beijing.
http://m.mondovisione.com/media-and-resources/news/an-australian-regulators-view-on-financial-technology-a-speech-by-asic-commis/