• ASIC eases licensing rules for intermediaries distributing AFS-backed stablecoins.
• Relief bridges regulatory gaps while Treasury finalizes stablecoin framework.
• Intermediaries must provide product disclosures to ASIC to maintain transparency.

The Australian Securities and Investments Commission (ASIC) has announced regulatory relief for stablecoin intermediaries. This removes the licensing barriers for entities distributing cryptocurrency issued by Australian Financial Services (AFS) licensed providers. The Thursday announcement is the first class relief of its kind in Australia’s evolving digital assets regulatory landscape.

The exemption allows intermediaries to distribute stablecoins from AFS-licensed issuers without obtaining a separate Australian market, clearing and settlement facility, or additional financial services licenses. This approach addresses regula…

Read The Full Article ASIC Grants Regulatory Relief Letting Brokers Distribute AFS-Issued Stablecoins On Coin Edition.

• ASIC eases licensing rules for intermediaries distributing AFS-backed stablecoins.
• Relief bridges regulatory gaps while Treasury finalizes stablecoin framework.
• Intermediaries must provide product disclosures to ASIC to maintain transparency.

The Australian Securities and Investments Commission (ASIC) has announced regulatory relief for stablecoin intermediaries. This removes the licensing barriers for entities distributing cryptocurrency issued by Australian Financial Services (AFS) licensed providers. The Thursday announcement is the first class relief of its kind in Australia’s evolving digital assets regulatory landscape.

The exemption allows intermediaries to distribute stablecoins from AFS-licensed issuers without obtaining a separate Australian market, clearing and settlement facility, or additional financial services licenses. This approach addresses regula…

Read The Full Article ASIC Grants Regulatory Relief Letting Brokers Distribute AFS-Issued Stablecoins On Coin Edition.