The Australian Securities & Investments Commission (ASIC) has published a draft amending instrument proposing to extend its class relief for intermediaries involved in the secondary distribution of stablecoins to a second named stablecoin issued by an Australian financial services (AFS) licensee. The proposal would amend ASIC’s stablecoin distribution exemption instrument to add the additional stablecoin and make minor consequential and clarification changes. The existing class relief exempts intermediaries from needing separate AFS, Australian market, or Australian clearing and settlement facility licences when providing services related to stablecoins issued by an AFS licensee. Feedback on the draft instrument is open until 5pm AEST on 2 October 2025.
Australian Securities & Investments Commission 2025-09-25
Australian Securities & Investments Commission proposes extending stablecoin distribution licensing exemption to cover a second stablecoin
The Australian Securities & Investments Commission (ASIC) has released a draft amending instrument to extend class relief for intermediaries in the secondary distribution of stablecoins to include a second stablecoin issued by an Australian financial services licensee. The proposal involves amending ASIC’s stablecoin distribution exemption instrument and includes minor consequential and clarification changes.