Australia's Stablecoin License Shake-Up: Good or Risky?

Australia just made it easier for stablecoin businesses to operate! The Securities and Investments Commission is exempting some intermediaries from needing a financial services license, allowing them to work under existing license holders. This move aims to boost innovation and streamline crypto operations, aligning with the country's broader plan to integrate digital assets into its financial system. Will this attract more crypto business or open the door for regulatory risks? Find out how Australia is betting on stablecoins to stay competitive in the global digital economy. Hosted on Acast. See acast.com/privacy for more information.