ASIC Approves New Stablecoin Exemptions to Boost Australia’s Digital Asset Framework

TLDR: ASIC expands relief to cover stablecoins and wrapped tokens whose issuers have applied for required licences. New measures allow intermediaries to operate without separate AFS or market licences for eligible assets. Omnibus custody relief requires strong record-keeping and reconciliations to safeguard regulated digital assets. Global stablecoin value reaches $310B, reflecting sustained growth and rising [...]

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