Australian Securities and Investment Commission (ASIC) He said he plans to exempt Stablecoin intermediaries from the requirement to hold a financial services license.
The financial control agency said it granted class relief for the parties that participate in the distribution of a stablecoin of an existing license issuer in an announcement on Thursday.
Exemption means that intermediaries do not require separate Australian financial services (AFS)Australian market or license for settlement and settlement installation by providing services related to STABLECOIN issued by an existing AFS licensee.
The stablecoins, cryptographic tokens linked to the value of a traditional financial asset, such as a fiduciary currency, have become the front and center of the development regulation of the different countries of the cryptocurrency industry, after the introduction of regulatory regimes in markets such as the United States and Hong Kong.
In more general terms, Australia showed signs of integrating digital assets in its economy earlier this year with the publication of a technical document, describing how the government planned to adopt the token, the assets of the real world and the digital currencies of the Central Wholesale Bank (CBDC) Make financial markets more efficient.
Read more: Stablecoin owned limits proposed by the Bank of England are unfeasible, say cryptographic groups: report
