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

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. The Australian Securities and Investments Commission (ASIC) on Tuesday finalized class relief for intermediaries handling the secondary distribution of certain stablecoins and wrapped tokens. The decision allows exchanges and other service providers to operate w ...