ASIC proposes tighter rules for Australian crypto exchanges and digital asset custodians
Australia’s financial watchdog seeks stiffer rules for crypto exchanges ahead of licensing deadline
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The Australian Securities and Investments Commission (ASIC) has proposed new standards requiring cryptocurrency exchanges and digital asset custodians to protect customer funds, improve trading transparency and meet financial requirements. The rules will take effect on April 8, 2027. Existing businesses can apply for licences by October 7, 2027, and continue operating while their applications are being reviewed. The consultation will close on November 27, with final guidance and standards expected to be released in March 2027; ASIC said it has received more than 140 applications for digital asset-related financial services authorisation.
The proposed rules bring customer asset protection, trading transparency, settlement and financial resources into the regulatory framework, while setting out a consultation and licensing application timeline to help trading platforms assess their compliance arrangements.
Source:CoinDesk · coindesk.com