Australia
Odaily
ASIC Plans to Extend CFD Investor Protections to Crypto-Asset-Settled Derivatives
- ASIC intends to broaden its CFD product intervention order to also cover derivatives settled using crypto assets.
- The move would apply existing CFD safeguards -- such as leverage caps and negative balance protection -- to crypto-settled derivative products.
- The proposal responds to rising retail trading activity in crypto-linked derivatives and aims to close a gap in current investor protections.