ASIC Streamlines Stablecoin Distribution by Removing License Requirement for Intermediaries

Australia's financial regulator has eliminated a key regulatory hurdle for stablecoin adoption. The Australian Securities and Investments Commission (ASIC) will no longer require intermediaries to obtain additional licenses when distributing stablecoins issued by already-licensed entities.

This 'class relief' decision recognizes the growing role of asset-pegged cryptocurrencies in payments, trading, and decentralized finance. By removing redundant licensing requirements, ASIC effectively lowers compliance costs and accelerates product development timelines for exchanges, fintech startups, and payment platforms.

The policy shift reflects Australia's progressive approach to digital asset integration. With licensed issuers bearing primary regulatory responsibility, intermediaries can now focus on building stablecoin-enabled services rather than navigating duplicate licensing processes.