Australian securities commission (Asic) said he was planning to exempt stable intermediaries from the obligation to have a financial service license.
The financial guard dog said it had granted a class repair for the parties to distribute a stablecoin of an authorized transmitter existing in an ad Thursday.
The exemption means that intermediaries do not require separate Australian financial services (AFS)Australian market or compensation and settlement licenses when providing services related to the stable reserve issued by an existing AFS licensee.
The stablecoins, the cryptographic tokens set for the value of a traditional financial asset such as a trust currency, have become at the center of the development regulations of the different countries of the cryptocurrency industry, following the introduction of regulatory regulations in markets such as the United States and Hong Kong.
More broadly, Australia has shown signs of integration of digital assets in its economy earlier this year with the publication of a white cash flow, describing how the government planned to adopt tokenization, real assets and digital currencies of the central bank in wholesale (Cbdcs) To make financial markets more effective.
Read more: The property limits of the Stable Reserve of the Bank of England
