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BITS OF BLOCKS
BLOCKCHAIN, LAW AND REGULATION
Steven Pettigrove, Partner, Piper Alderman
Michael Bacina, Partner, NXT Law
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Telegraph Pioneer Saddles up to offer Stablecoin with Solana and Anchorage
Western Union has announced plans to launch the U.S. Dollar Payment Token ( USDPT ), a dollar-pegged stablecoin, on the Solana blockchain in the first half of 2026. The token will be issued by Anchorage Digital, a federally chartered digital asset bank, and integrated into Western Union’s global payment network. The initiative pairs Western Union’s cross-border infrastructure with Solana’s high-throughput public ledger and Anchorage’s regulated issuance framework. Users will
Nov 12 min read


Australia publishes draft stablecoin and payments legislation
The Australian Government has released exposure draft legislation  which will regulate stablecoins as a standalone financial product and make significant amendments to Australia's payments legislation. The proposed laws will apply financial services licensing obligations to stablecoin issuers and introduce bespoke reporting and compliance obligations carrying hefty civil and criminal penalties for non-compliance. Assistant Treasurer and Minister for Financial Services, Daniel
Oct 203 min read


ASIC mints regulatory relief for AFSL licensed stablecoins
ASIC has issued ASIC Corporations (Stablecoin Distribution Exemption) Instrument 2025/631 which will allow distributors to exchange,...
Sep 193 min read


OK, Computer: Australia modernises payments regulation with major amendments to the PSRA
On Thursday, Australia passed significant amendments to the Payment Systems (Regulation) Act 1998 (Cth) ( PSRA ) to modernise the...
Sep 104 min read


ASIC Corporate Plan backs tokenisation work
The Australian Securities and Investments Commission ( ASIC ) has released its 2025–26 Corporate Plan, which outlines its strategic...
Aug 272 min read
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