Australia’s ASIC Eases Stablecoin Distribution Rules for Intermediaries

Australia's financial regulator has taken a pragmatic approach to stablecoin regulation, granting class relief to intermediaries distributing licensed stablecoins. The Australian Securities and Investments Commission (ASIC) now exempts these intermediaries from holding separate financial services licenses when handling crypto assets issued by AFS-licensed providers.

The MOVE creates temporary regulatory breathing room while Treasury finalizes its comprehensive stablecoin framework. "This helps bridge regulatory friction," noted one industry expert, highlighting ASIC's flexible stance toward digital asset innovation.

The relief applies immediately upon legislative registration, marking Australia's first concrete step toward resolving stablecoin market uncertainties. Blockchain APAC CEO Steve Vallas characterized the measure as a transitional solution within existing financial laws.