The Australian Securities and Investments Commission (ASIC) has announced an expansion of regulatory exemptions for digital assets, specifically targeting intermediaries dealing with eligible stablecoins and wrapped tokens. This initiative aims to foster the growth of Australia's digital asset and payment sectors. Under the new regulations, entities holding an Australian Financial Services (AFS) license, market license, or clearing facility license can receive exemptions when secondarily distributing qualified stablecoins and wrapped tokens. These entities are also permitted to use omnibus account custody under a compliance record mechanism. Eligible stablecoins and wrapped tokens must maintain equivalent reserves and regularly disclose reserve reports. The exemption is set to automatically expire on January 1, 2029, allowing time for the market to transition to a broader regulatory framework being developed by the Australian Treasury.