“The Exempions of Mean Intermediarians Do Not Require AA Separate Australian Financial Services License to Distribute Licensed Stablecoins.”, – WRITE: www.coindesk.com
The Financial Watchdog SAID IT GRANTED CLASS RLIESF FOR PARTIES ENGAGING IN THE DISTRIBUCTION OF A STABLECOIN FROM An Existing Licensed Issuer in and Announcement on Thursday.
The Exemption Means the Intermediarians Do not Require aa Separate Australian Financial Services (AFS), Australian Market or Clearing and Setlement Facility Licens Issued by an an anxista afs licensee.
Stablecoins, Crypto Tokens PEGGED TO THE VALUE OF A Traditional Financial Asset Such as a Fiat Currency, Have Become Front and Center of Different Countures Industry, Following the Introduction of Regulatory Regimes in Markets Such as The US and Hong Kong.
More Broadly, Australia Showed Signs of Embedding Digital Assets Into Its Economy Earlier this Year with the Publication of a Treasury Real-World Assets and Wholesale Central Bank Digital Currencies (CBDCS) To Make Financial Markets More Efficiency.
Read More: Bank of England’s Proped Stablecoin Ownership Limits Are UNWORKABLE, SAY CRYPTO GRUPS: REPORT
The MOVE OPENS FOR WAY for Exchanges to List Spot Digital Asset-Backed Funds with the Case-by-Case Approval of the Regulator.
- The Sec Approved Generic Listing Standards, WHICH ALLOW Exchange to List Commodity-Based Exchange-Traded Products, Including Cryptocurrencies, Without Individual Reviews.
- The Move Was Aimed at Reducing Barriers to Access Digital Asset Products in a Regulated Manner, Sec Chairman Paul Atkins Said.
- The Sec Also Approved The Grayscale Digital Large Cap Fund and Options Tied to the Cboe Bitcoin US ETF Index.
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