ASIC Finalizes Exemptions to Boost Stablecoin and Wrapped Token Distribution
The exemptions allow the use of omnibus accounts, reducing costs and improving operational efficiency. Australia’s securities regulator has finalized a set of exemptions designed to make it easier for businesses to distribute stablecoins and wrapped tokens. Key Takeaways: The Australian Securities and Investments Commission (ASIC) said Tuesday that it is granting “class relief” for intermediaries involved in…
