Australia's new financial regulations have forced a blockchain company to completely change its legal structure and business model. Liquid Noble recently announced that it needs to fully disconnect its brokerage business from the blockchain and any digital assets, as the company had previously built a tokenized precious metals system on the BSV Blockchain. Liquid Noble's CEO Dan Dragon stated that the changes are necessary given the Australian Securities and Investments Commission's (ASIC) latest regulatory update on digital assets, INFO 225. Any issuer in Australia packaging "encryption assets" or tokenizing real-world assets will soon need to obtain a financial services license. The costs associated with obtaining the license are prohibitive for Liquid Noble. Despite the fact that tokenizing the value of precious metals on a scalable blockchain is a major selling point for the company, it can no longer innovate in this area. Liquid Noble has restructured its business to operate solely as a commodity trader, offering physical precious metals to customers in a modern, application-driven format. It should be noted that Liquid Noble's application is still based on the BSV SDK and is compatible with it, offering similar functionality, but as a more "closed system." Therefore, you can still use it.