Australia is beginning to flesh out its crypto regulatory framework with a pragmatic, interim step. Through a new class exemption, ASIC has temporarily removed licensing obligations for secondary distributors of specific stablecoins.
The measure, enacted via the Stablecoin Distribution Exemption Instrument, allows AFS-licensed intermediaries to distribute these assets without additional approvals, provided they adhere to consumer safeguards like distributing a Product Disclosure Statement.
This approach effectively lowers market entry barriers and clarifies the path for stablecoin distribution while the government continues its work on formal payments and platform legislation, with the exemption set to expire in 2028.
