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Australia Exempts Stablecoin Distribution from Additional Licensing
Australia Exempts Stablecoin Distribution from Additional Licensing
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BTCCSquare news:
Australia's financial regulator has streamlined stablecoin distribution by exempting licensed intermediaries from obtaining additional approvals. The Australian Securities and Investments Commission (ASIC) unveiled its "Stablecoin Distribution Exemption Instrument," allowing AFS-licensed entities to offer stablecoins without separate market licenses.
The exemption carries consumer protection measures, requiring distributors to provide issuer disclosure statements to retail investors. Catena Digital's AUDMA becomes the first designated stablecoin under the framework, with provisions for future licensed issuers to join the list. This regulatory clarity positions Australia as a progressive jurisdiction for digital asset innovation.
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