Australia Expands Crypto Regulatory Framework to Include Stablecoins and Tokenized Assets

Australian regulators are tightening oversight of digital assets, extending financial laws to stablecoins, staking services, and tokenized products. The updated guidance from the Australian Securities and Investments Commission (ASIC) clarifies that offshore and decentralized platforms serving local users must comply with domestic regulations.

A transitional no-action position grants firms until June 30, 2026, to adapt and secure necessary licenses. ASIC is also proposing relief measures for stablecoin and wrapped token distributors, with public consultation open until November 12, 2025.

The move underscores Australia's commitment to closing regulatory loopholes while fostering innovation. "This ensures a level playing field for all market participants," said ASIC Commissioner Alan Kirkland. The changes reflect global trends toward comprehensive crypto frameworks as jurisdictions grapple with balancing consumer protection and technological advancement.