Australian regulator eases rules for stablecoins and wrapped tokens

The Australian Securities and Investments Commission (ASIC) has finalized exemptions, granting class relief that eases rules for businesses distributing stablecoins and wrapped tokens in the secondary market. This move eliminates the need for intermediaries to obtain separate, costly Australian Financial Services (AFS) licenses when servicing these digital assets, allowing them to use industry-standard "omnibus accounts" with proper record-keeping. Industry leaders, like Drew Bradford of Macropod, welcomed the clarity, stating it levels the playing field, removes friction for innovation, and signals Australia's intent to remain globally competitive while maintaining regulatory guardrails. The move is seen as crucial for scaling real-world use cases in payments and settlement while the broader digital asset reforms are still pending.

(Source：Cointelegraph)