Australia consults on crypto platform capital and custody rules
AI-generated briefing · First published
ASIC opened consultation on capital, custody and trading standards for crypto platforms ahead of the 2027 licensing regime.
Australia’s securities regulator ASIC opened consultation on proposed capital, custody and trading requirements for crypto platforms, following Parliament’s passage of the Corporations Amendment (Digital Assets Framework) Act in April. [1] [2]
The proposals include three alternative capital models, restrictions on platforms trading for their own account, quarterly wallet reporting and allowance for offshore custody with safeguards. [1]
Feedback is due Nov. 27; final standards are expected in March 2027 and the law takes effect April 8, 2027. [1]
Sources
- Australia seeks feedback on crypto platform rules ahead of 2027 rollout
Cointelegraph · · Full text
- Australia’s financial watchdog seeks stiffer rules for crypto exchanges ahead of licensing deadline
CoinDesk · · Summary only