ASIC EASES RULES TO ENCOURAGE GROWTH IN STABLECOIN AND WRAPPED TOKEN MARKETS
Australia’s securities regulator has finalized a set of exemptions aimed at simplifying the distribution of stablecoins and wrapped tokens. The Australian Securities and Investments Commission (ASIC) announced on Tuesday that it is providing “class relief” for intermediaries involved in the secondary distribution of certain stablecoins and wrapped assets. Under the new rules, businesses will no…