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Gate Square New & Returning Creator Rewards are ongoing!
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🚨 BREAKING: ASIC Grants First Collective Exemption for Stablecoin Intermediaries
Australia’s @ASICMedia announced intermediaries distributing stablecoins issued by licensed AFS providers will be exempt from holding separate AFS, market, or clearing licenses.
This first-of-its-kind exemption aims to spur digital asset & payments innovation. Blockchain APAC CEO Steve Vallas called it a “pragmatic” step ahead of broader stablecoin reforms.
Source：Decrpt
#Stablecoin CryptoNews #Regulation Australia