ASIC in Australia expands regulatory exemptions for stablecoin intermediaries.

According to Mars Finance, market sources indicate that the Australian Securities and Investments Commission (ASIC) has announced a new classification exemption policy, expanding the scope of licensing exemptions for stablecoin and wrapped token intermediaries. This policy allows intermediaries to distribute stablecoins and wrapped tokens issued by issuers holding an Australian Financial Services (AFS) license without requiring a separate license. ASIC also allows providers to hold digital assets in integrated accounts with appropriate record-keeping and reconciliation procedures. The new regulations require stablecoin issuers to maintain reserves equal to or greater than the total circulating token supply and to publish regular financial reports.