Stablecoin payments licensing — Treasury reforms (in scoping)
Treasury reforms scoping payment stablecoin licensing under PSP regime.
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Who must comply
Stablecoin issuers + payment service providers.
What triggers it
Issuance or facilitation of stablecoin payment.
When due
TBC — regulations expected 2025-2026.
Evidence required
TBC — likely AFSL + AML/CTF + custody arrangements.
Max penalty
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Summary
Treasury continuing payments licensing reform — payment stablecoin regulation under PSP regime + ADI carve-outs in scoping. Regulations expected 2025-2026.
Enforced by
Topics
cryptopaymentsfintech
Source: https://treasury.gov.au/consultation/c2023-466856. Rules Mate is not a law firm. Always verify against the live regulator source before acting.