Australia’s upcoming crypto regulation framework will classify payment stablecoins as stored-value facilities and dealing or trading in them will be not treated as regulated transactions, while platforms facilitating such trades will not be considered market operators solely based on that activity

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Australia’s upcoming crypto regulation framework will classify payment stablecoins as stored-value facilities and dealing or trading in them will be not treated as regulated transactions, while platforms facilitating such trades will not be considered market operators solely based on that activity

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Payment stablecoins will be treated as a type of stored-value facility under the Government’s Payments Licensing Reforms; however, some stablecoins and wrapped tokens will be exempt. “Dealing or secondary market trading in these products will be not treated as a dealing activity, and platforms where they are traded will not be treated as operating a market simply because of that trading activity,” the Treasury said.

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Planned requirements under upcoming crypto regulation framework

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