
Australia Cuts Red Tape for Crypto Exchanges to Boost Stablecoin Access
Reading Time: < 1 minute
Australia’s financial regulator has temporarily removed a significant barrier to stablecoin distribution. ASIC’s new class exemption allows licensed crypto exchanges, brokers, and platforms to offer stablecoins without the cost and delay of securing a separate license.
This interim measure, effective immediately upon registration, provides a clearer route to market for stablecoin issuers and distributors ahead of formal legislation.
By leveraging existing Australian Financial Services licensing, the rule aims to foster innovation and accessibility while maintaining key consumer safeguards, such as requiring a Product Disclosure Statement for retail investors. The exemption is valid until mid-2028.