Australia’s financial regulator has moved to ease compliance hurdles for stablecoin distribution. On Thursday, the Australian Securities and Investments Commission (ASIC) unveiled the Corporations (Stablecoin Distribution Exemption) Instrument 2025/631.
This exemption means intermediaries distributing stablecoins issued by an AFS license holder will no longer need to obtain separate AFS, market, or clearing licenses. At present, the rule applies to Catena Digital Pty’s AUDM stablecoin but may expand to include more issuers as they secure licenses.
The exemption also covers a broad range of services, including general advice, custodial support, and secondary market activity. ASIC’s measure comes in response to public consultation feedback, where stakeholders flagged heavy compliance costs for intermediaries during a transitional regulatory period.
By easing rules, ASIC hopes to foster innovation and adoption of regulated stablecoins while ensuring they remain classified as financial products under the Corporations Act. The change marks a significant step in Australia’s crypto regulatory framework.
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