ASIC Eases Rules for Stablecoins, Wrapped Tokens
Update: 2025-12-09
Description
ASIC eases regulations for stablecoins and wrapped tokens, allowing exemptions from licensing and custody requirements. This move aims to foster innovation in Australias digital assets and payment sectors. Providers can now hold multiple clients assets together in omnibus accounts, with strict record-keeping and reconciliation procedures in place. The new rules expire on January 1, 2029, as the Treasury develops a broader regulatory framework for digital assets.
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