Australia’s financial regulator has announced a new policy that offers regulatory relief for stablecoins and wrapped tokens. This move opens wider opportunities for digital asset companies to operate with simpler requirements while still maintaining essential consumer protection elements. The new rules are seen as part of the country’s efforts to prepare a more mature regulatory framework in the coming years.
The policy permits distributors and intermediaries of stablecoins and wrapped tokens to conduct their activities without requiring an immediate financial license. Previously, licensing requirements were considered one of the biggest barriers for small and medium-sized companies to participate in the digital asset ecosystem. With the removal of these obligations, distribution processes are expected to run more efficiently while still adhering to prudent practices.
As part of the relief, the use of “omnibus accounts” is also permitted. These pooled accounts enable companies to store multiple users’ assets in a single location, provided that records are kept transparent and separate. This approach is commonly used in traditional finance and is now being adopted within digital asset arrangements.
Specific Requirements for Stablecoins
Although the rules are more flexible, the regulator still sets several important conditions to ensure the stability and reliability of stablecoins. Issuers must maintain reserve funds equivalent to the value of the assets they issue. These reserves must be audited regularly, and reports on their composition and total amounts must be published routinely. The right to redeem stablecoins for their underlying assets must also be guaranteed without conditions.
These requirements are designed to mitigate risks commonly associated with collateral-backed assets, including fund mismatches and lack of transparency. With more structured monitoring, the regulator hopes stablecoins can function as safer instruments within digital payment and trading ecosystems.
Transition Period Until 2026
This regulatory relief is temporary. Industry participants are given until mid-2026 to adjust their operations and apply for full licenses in line with the new rules currently being developed. The transition period aims to give companies room to innovate without excessive regulatory pressure, while ensuring the adaptation process moves in an orderly manner.
Overall, the new policy reflects Australia’s approach to creating an environment that supports digital asset innovation while prioritizing user protection and transparency. If needed, I can prepare a shorter version or a social-media-friendly news summary.
%201.png){kind=logo}
