Regulator: Australian Securities and Investments Commission (ASIC), Australian Prudential Regulation Authority (APRA)
Australia regulates stablecoins under its general financial services laws (Corporations Act), with ASIC guidance (INFO 225) classifying them as derivatives or managed investment schemes. Issuers must hold an Australian Financial Services License (AFSL). Draft legislation proposing a specific "Tokenised Stored Value Facility" category was released in Oct 2025 but is not yet enacted. (25-250MR); no-action relief until June 30, 2026 for certain stablecoin distribution. ASIC primary regulator; coordination with APRA (prudential) likely; framework still developing; expected 1:1 backing requirements.
Digital Asset Platforms (DAP) Reform - https://practiceguides.chambers.com/practice-guides/blockchain-2025/australia/trends-and-developments
INFO 225: Digital Assets - Financial Products and Services (Updated - In Force) - https://www.asic.gov.au/regulatory-resources/find-a-document/consultations/cs-32-proposed-relief-for-certain-stablecoins-and-wrapped-tokens-and-extension-of-omnibus-accounts-for-digital-asset-custody/
APRA Cross-Industry Prudential Standards 230 (In Force) - https://www.apra.gov.au/sites/default/files/2023-07/Prudential%20Standard%20CPS%20230%20Operational%20Risk%20Management%20-%20clean.pdf
Corporations Amendment (Digital Assets Framework) Bill 2025 [ formerly Treasury Laws Amendment (Regulating Digital Asset and Tokenised Custody Platforms) Bill 2025] (Enacting) - https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r7411
Treasury Laws Amendment Bill 2025 (Payments System Modernisation and Amendment of the Corporations Act 2001) (Enacting) - https://treasury.gov.au/sites/default/files/2025-03/p2025-628504-s.pdf
ASIC Corporations (Stablecoin Distribution Exemption) Instrument 2025/631 - https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2025-releases/25-250mr-updated-asic-guidance-supports-digital-asset-innovation-and-boosts-investor-protection/
ASIC Corporations (Stablecoin and Wrapped Token) Instrument 2025/867 - https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2025-releases/25-250mr-updated-asic-guidance-supports-digital-asset-innovation-and-boosts-investor-protection/
