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ASIC Eases Stablecoin Distribution with Licensing Relief Until 2028
ASIC Eases Stablecoin Distribution with Licensing Relief Until 2028
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BTCCSquare news:
The Australian Securities and Investment Commission (ASIC) has granted interim relief to stablecoin distributors, exempting them from additional licensing requirements until June 2028. This MOVE aims to reduce administrative burdens and foster innovation while maintaining regulatory safeguards.
Catena Digital's AUDM stablecoin is the first to benefit from the exemption, with other licensed issuers potentially eligible. ASIC's decision underscores its dual focus on encouraging responsible innovation and cracking down on crypto scams and dormant exchanges.
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