Financial Licensing

Highlights: Australia has eased licensing rules as AUDM stablecoin becomes the first to qualify under the ASIC exemption. The exemption allows licensed intermediaries to distribute stablecoins without extra financial licenses. ASIC has linked the relief to industry feedback as it […]

Highlights: Australia has introduced mandatory financial licensing for crypto platforms. The compulsory financial obligations became necessary following new rules that qualify crypto assets as financial products. The ASIC commissioner noted that the regulatory agency will roll out the updated guidelines […]