Stablecoin issuers and digital wallet operators to require licenses
The corporate regulator has finalised its long-awaited guidance on which digital assets it considers to be financial products under corporate law and therefore require issuers to obtain licences to boost investor protections.
Among 18 examples in which it explained which crypto structures are captured by the Corporations Act, the Australian Securities and Investments Commission said stablecoin issuers will need licences.
Loading…
