The Australian Treasury plans to include stablecoins in the draft cryptocurrency legislation

ChainCatcher news, the Australian Treasury plans to include stablecoins in the draft cryptocurrency legislation.

Representatives from the Australian Securities and Investments Commission stated that they have held meetings with regulators such as the U.S. Securities and Exchange Commission to discuss the legal stance on cryptocurrencies.

The Australian Treasury plans to release draft legislation covering licensing for crypto asset providers and custody rules by the end of 2024, which may include a regulatory framework for stablecoins.