ASIC has today announced new measures to further foster innovation and growth in Australia’s digital assets and payment sectors, granting class relief for intermediaries engaging in the secondary distribution of certain stablecoins and wrapped tokens. This builds on previous stablecoin relief by exempting intermediaries from the requirement to hold separate Australian financial services (AFS), Australian market, or clearing and settlement facility licences when providing services relating to eligible stablecoins or wrapped tokens. ASIC has also granted relief to allow providers to hold digital assets that are ... (full story)