TechFlow news, on September 18, according to Decrypt, the Australian Securities and Investments Commission (ASIC) announced regulatory relief for stablecoin intermediaries, allowing them to distribute stablecoins issued by entities holding an Australian Financial Services (AFS) license without needing to hold separate AFS, market, or clearing organization licenses.
This is Australia's first such collective exemption measure, aimed at fostering growth and innovation in digital assets and payments, and will take effect after registration under federal legislation.
Steve Vallas, CEO of Blockchain Australia, said the move is a "pragmatic" transitional step ahead of broader stablecoin reforms, helping to reduce regulatory friction while the Treasury finalizes its proposed stablecoin regime. As more stablecoins obtain AFS licenses, the exemption could extend to additional issuers.
