ASIC Announces Exemptions for Stablecoin Intermediaries in Australia
Australia’s Securities and Investments Commission (ASIC) has unveiled a significant shift in its regulatory approach by exempting stablecoin intermediaries from the necessity of securing a financial services license. This initiative, announced on Thursday, aims to streamline operations for those facilitating the distribution of stablecoins. The newly granted exemption allows intermediaries to engage in transactions and services connected to stablecoins issued by licensed financial service providers without needing to obtain additional licenses specific to Australian financial services (AFS), market, or clearing and settlement facilities. This move is anticipated to foster innovation within the stablecoin sector while ensuring compliance with existing regulations.












