Australia Eases Regulations for Stablecoin and Wrapped Token Distribution

According to Cointelegraph, the Australian Securities and Investments Commission (ASIC) has introduced new exemptions to facilitate the distribution of stablecoins and wrapped tokens. Announced on Tuesday, these measures aim to promote innovation and growth within the digital assets and payment sectors. The regulator is providing 'class relief' for intermediaries involved in the secondary distribution of specific stablecoins and wrapped tokens. This development allows companies to operate without the need for separate, costly licenses, enabling them to use 'omnibus accounts' with appropriate record-keeping source: https://www.binance.com/en/square/post/33557105346897?utm_source=BinanceNewsRSS