Australia has taken another step toward bringing crypto into the mainstream. The country’s financial watchdog, the Australian Securities and Investments Commission (ASIC), has announced that intermediaries distributing stablecoins will no longer need a separate license, as long as the tokens come from issuers already licensed under local laws.
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Crypto Regulation Australia: ASIC Removes Extra License for Stablecoin Intermediaries
Australia has taken another step toward bringing crypto into the mainstream. The country’s financial watchdog, the Australian Securities and Investments Commission (ASIC), has announced that intermediaries distributing stablecoins will no longer need a separate license, as long as the tokens come from issuers already licensed under local laws.