Australia’s ASIC Slashes Red Tape for Stablecoin Reseller Licenses

Australia's financial watchdog just handed crypto businesses a major win—streamlining stablecoin licensing in a move that could turbocharge adoption.

Cutting Through the Bureaucracy

The Australian Securities and Investments Commission (ASIC) dropped cumbersome requirements that previously slowed down license approvals for stablecoin resellers. No more jumping through endless hoops—just clearer, faster pathways to compliance.

Why It Matters

Stablecoins sit at the heart of crypto's practical utility—think remittances, trading, and DeFi. By easing licensing friction, ASIC effectively opens the floodgates for more players to enter the market. More competition? Better services? Bring it on.

But let's be real—regulators love to act like they're doing the industry a favor while quietly keeping their oversight hooks deep in the game. Classic move: loosen the leash just enough to make everyone think they're running free.

Bottom line: this isn't just paperwork—it's progress. And in the fast-moving world of crypto, every streamlined process counts.

Aussie crypto users face bank limits 

In Australia, crypto users face challenges as banks limit deposits to exchanges, even with new rules like anti-money laundering laws from 2018 and Bitcoin/Ether trading approvals in 2024. A recent Binance survey of 1,900 people showed 58% want easier fund transfers, and 22% switched banks for better crypto access.

Further, on September 2, 2025, Australia’s $2.8 trillion pension system opened to crypto, with exchanges like Coinbase and OKX offering products to direct retirement savings into digital coins, creating a new investment avenue.

On September 1, 2025, Australia’s retirement system became a new hub for cryptocurrency investment. 

Also Read: BoE Faces Pushback Over Proposed Stablecoin Ownership Limits