Wu Blockchain (@WuBlockchain): Australian Securities and Investments Commission (ASIC) has announced a regulatory exemption for stablecoin intermediaries, allowing them to distribut…
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Australian Securities and Investments Commission (ASIC) has announced a regulatory exemption for stablecoin intermediaries, allowing them to distribute stablecoins issued by licensed Australian Financial Services (AFS) providers without needing a separate AFS, market, or clearing license. This marks Australia’s first such collective exemption, which will take effect once registered under federal legislation. https://t.co/OeArAGYC60