The Australian Securities and Investments Fee has
launched licensing exemptions for intermediaries distributing stablecoins
issued by licensed entities.
The aid is non permanent and can expire on June 1, 2028,
except repealed earlier. ASIC stated it’s meant as a bridge till a broader
licensing framework for cost stablecoins is applied.
Scope of the Exemption
Beneath the ASIC Firms Stablecoin Distribution
Exemption Instrument, intermediaries distributing stablecoins issued by an
Australian monetary providers licensee now not want to carry their very own AFS,
market, or clearing and settlement facility licenses.
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ASIC stated the exemption solely applies to stablecoins
categorized as monetary merchandise below the Firms Act and issued by
eligible AFS licensees.
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At the moment, the aid applies to a single issuer, Catena
Digital Pty, which points the AUDM stablecoin. ASIC famous the exemption may
broaden as extra stablecoin issuers acquire AFS licenses.
🚨 BREAKING: 🇦🇺 AUSTRALIA’S ASIC RELAXES RULES FOR STABLECOIN PLAYERS.REGULATION ON THE WAY 🚀 pic.twitter.com/YSW8VEzFhC
— Crypto Ape (@TheMoneyApe) September 18, 2025
Coated Companies
The measure covers providers associated to secondary
distribution, together with offering normal recommendation, making a market, dealing in
the stablecoin, and custodial providers.
ASIC launched the exemption following suggestions on a
session paper. Stakeholders had raised issues about compliance prices
below present licensing guidelines throughout a transitional interval.
International Regulators Enhance Give attention to Stablecoins and
Digital Property
Latest international developments present regulators
are more and more targeted on stablecoins and digital property. Earlier, ASIC
has urged crypto corporations to use for an Australian Monetary Companies Licence
and up to date steering on compliance.
The European Union applied the Markets in Crypto-Property
Regulation for asset-referenced and e-money tokens, whereas the U.S.
handed laws permitting banks and monetary establishments to situation
stablecoins backed by fiat or high-quality collateral.
This text was written by Tareq Sikder at www.financemagnates.com.
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