New Exemptions for Stablecoins and Wrapped Tokens
TLDR
- ASIC simplifies crypto rules for stablecoin and wrapped token intermediaries.
- New exemptions allow easier operations for crypto firms in Australia.
- Stablecoin issuers must publish quarterly reserve reports and audits.
- ASIC eases custody requirements for wrapped tokens with omnibus accounts.
- Crypto firms have until June 2026 to comply with updated regulations.
The Australian Securities and Investments Commission (ASIC) has introduced new regulatory measures aimed at simplifying crypto rules. The exemptions will help foster innovation within Australia’s digital asset and payment sectors. ASIC has granted relief for intermediaries handling certain stablecoins and wrapped tokens, allowing them to operate without needing…
