Australia Approves Stablecoin Exemptions to Boost Crypto Payments

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Australia’s financial regulator, ASIC, has fast-tracked stablecoin regulation by approving exemptions to simplify the distribution of stablecoins and wrapped tokens. The move removes the need for full AFS licenses for intermediaries, enabling the use of omnibus accounts to cut costs and reduce regulatory hurdles. The change is expected to attract more stablecoin issuers and support real-world uses like payments and cross-border transfers. Macropod CEO Drew Bradford welcomed the clarity, pointing to improved flexibility for reserve management and asset safety. TRM Labs’ Angela Ang added that the decision reinforces Australia’s track record in Countering the Financing of Terrorism and digital asset regulation.
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