ChainCatcher news: According to market sources, the Australian Securities and Investments Commission (ASIC) has announced a new classification exemption policy, expanding the licensing exemptions for intermediaries of stablecoins and wrapped tokens. The policy allows intermediaries to distribute stablecoins and wrapped tokens issued by issuers holding an Australian Financial Services (AFS) license without having to apply for a separate license. At the same time, ASIC also allows providers to hold digital assets in omnibus accounts under appropriate record-keeping and reconciliation procedures. The new regulations require stablecoin issuers to maintain reserves equal to or greater than the total amount of tokens in circulation and to regularly publish financial reports.
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