Australia
Odaily
ASIC Seeks Feedback on Capital, Custody, and Trading Rules for Crypto Platforms, Targets 2027 Implementation
- ASIC is consulting on new rules addressing minimum capital requirements, custody of client crypto assets, and trading practices for crypto asset platforms.
- The proposed framework is designed to bring digital asset platforms under a regulatory regime comparable to traditional financial services providers.
- ASIC plans to finalize and implement the new rules by 2027, pending the outcome of the public consultation process.