According to Cointelegraph’s report, the Australian Securities and Investments Commission ASIC has finalised class order exemptions to streamline the distribution of stablecoins and wrapped tokens, signaling a regulatory push to foster digital assets innovation within the payments sector.

Under the measure, intermediaries may conduct secondary distributions in these markets without a separate license, provided they implement robust record-keeping and operate with aggregated trust accounts under the new framework.

Moreover, the reforms extend prior relief by removing the need for a standalone Australian Financial Services (AFS) license to provide services linked to stablecoins or wrapped tokens, reinforcing a business-friendly approach while preserving compliance standards.