ASIC Unveils Major Stablecoin Relief and Omnibus Rights — But There’s a Catch

The relief builds on ASIC’s September exemptions for stablecoin intermediaries, which allowed distributors to operate without additional licensing when handling AFS-licensed stablecoins.

Australia’s securities regulator has introduced a sweeping set of exemptions aimed at easing the path for digital asset businesses while making clear that the reprieve is temporary and tied to a broader overhaul of the country’s crypto framework.