TechFlow news, December 9 — According to Decrypt, the Australian Securities and Investments Commission (ASIC) has announced a new classification exemption policy, expanding licensing exemptions for intermediaries dealing with stablecoins and wrapped tokens. The policy allows intermediaries to distribute stablecoins and wrapped tokens issued by issuers holding an Australian Financial Services (AFS) license without needing to obtain a separate license. Additionally, ASIC permits providers to hold digital assets in omnibus accounts, provided proper record-keeping and reconciliation procedures are in place. The new rules require stablecoin issuers to maintain reserves equal to or greater than the total amount of tokens in circulation and to publish regular financial reports.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
