The Australian Securities and Investments Commission (ASIC) updated its guidelines on digital assets on October 29, 2025, officially classifying stablecoins as financial products. The new rules also apply to wrapped tokens, tokenized securities, and digital wallets — their providers are required to obtain an AFSL license.
The update is based on consultations with the industry (Consultation Paper 381, end of 2024). Previously, stablecoins had an indefinite status, but now fiat (pegged 1:1 to AUD or other currencies) are recognized as means of non-cash payments. This guarantees consumers protection similar to traditional finance and reduces risks of volatility and illicit use.
For a smooth transition, ASIC has provided a grace period without sanctions until June 30, 2026. From September 18, 2025, a class exemption (Instrument 2025/631) is in effect, allowing licensed intermediaries to distribute approved Australian stablecoins without additional permissions.
The reforms align with the Treasury's plans for digital asset platforms and the storage of stablecoins — feedback is accepted until November 12, 2025. Australia is becoming a regional leader in crypto regulation, fostering innovation and attracting institutional players.
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