Australian regulators ease regulations on stablecoins and wrapped tokens

According to Cointelegraph, Australian securities regulators have finalized a series of exemptions that make it easier for businesses to distribute stablecoins and tokenized assets.

The Australian Securities and Investments Commission (ASIC) announced these new measures on Tuesday, aimed at promoting innovation and growth in the digital assets and payments sector. ASIC stated that it is "granting class exemptions" to intermediaries engaged in certain secondary distribution activities of stablecoins and tokenized assets. This means that businesses no longer need separate, and often costly, licenses to act as intermediaries in these markets, and they can now use "pooled accounts" under properly documented conditions. The new exemptions further expand the previous broad exemptions for stablecoins, removing the requirement for intermediaries to hold a separate Australian Financial Services (AFS) license when providing services related to stablecoins or tokenized assets.