The Australian Securities and Investments Commission (ASIC) has introduced licensing descriptions for mediators involved in the distribution of stablecoins issued by licensed creatures.
Under Na -Published The ASIC Corporations (Stablecoin Distribution Exemption) Instrument 2025/631, the mediators distributing a stablecoin issued by an Australian Financial Services (AFS) license is no longer required to hold their own AFS licenses, market or clinching and regulating facilities licenses.
“ASIC focuses on supporting the responsible change in the rapid emerging space of digital assets, while ensuring essential consumer protection is in place by having eligible stablecoins released under an AFS license,” the regulator the regulator Says In a Thursday announcement.
According to ASIC, the exemption applies only to stablecoins classified as financial products under current corporate law and issued by eligible AFS licensed creatures.
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ASIC exemption is currently only applies to AUDM
Currently, the exemption applies to a single give, the Catena Digital Pty, which releases AUDM Stablecoin. However, ASIC said it could expand the scope of the exemption as more stablecoin issues are obtaining AFS licenses.
The exemption covers a set of financial services related to the second distribution of Stablecoin, including providing general advice, making a market, dealing with (but not exiting) Stablecoin and Custodial Services.
The proposal complies with the public comment on a recent consultation Paper Exploring updates on the ASIC asset guide. Industry stakeholders have dropped heavy costs of compliance with mediators under current licensing policies, especially during transitional times.
ASIC said this relief would be a bridge to those reforms, especially a suggested licensing framework for payment stablecoins, was fully implemented. The exemption will be temporary and expires on June 1, 2028, unless it is released earlier.
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Banking friction slows down crypto adoption in Australia
Australian crypto users continue Facial restrictions from banks When depositing funds in exchanges, according to a new Binance survey. Of the 1,900 respondents, 58% called for easier, unlimited deposits, while 22% reported moving banks to get better access to crypto.
The dispute persists despite known regulation development, including anti-money laundering (AML) Rules for exchanges since 2018 and The launch of the area Bitcoin (Btc) and ether (Eth) ETFS in 2024.
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