Australia’s ASIC Grants Relief for Stablecoin Intermediaries, Eases AFS License Requirements
The Australian Securities and Investments Commission (ASIC) granted class aid for intermediaries distributing stablecoin issued by licensed Australian Financial Services (AFS) suppliers, exempting them from separate licensing necessities till June 2028. According to the press release, the first-of-its-kind aid permits distributors to function with out an Australian market, clearing and settlement facility, or extra AFS…
