Australia’s ASIC Grants Exemptions to Stablecoin Intermediaries
The Australian Securities and Investments Commission (ASIC) has introduced class relief that exempts intermediaries from needing separate licences to distribute stablecoins issued by licensed providers. The initiative is intended to lower compliance hurdles and encourage growth in the digital assets sector. At the same time, ASIC emphasised that issuers must continue to hold an Australian financial services licence, ensuring that regulatory oversight and consumer protections remain intact even as innovation in payments and digital assets accelerates.
