ASIC proposes tightening licensing rules for crypto platforms
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On October 15, 2026, the Australian Securities and Investments Commission (ASIC) proposed new standards for cryptocurrency exchanges and digital asset custody institutions, requiring relevant institutions to strengthen customer fund protection, improve transaction transparency, and meet financial requirements. The relevant rules are planned to take effect on April 8, 2027. Existing businesses may apply for a license by October 7, 2027, and continue operating during the application review period. ASIC’s consultation process will end on November 27, 2026, and the final guidance and standards are expected to be released in March 2027. ASIC said it has currently received more than 140 applications for digital asset-related financial services authorization.
AI-written from reports · updated 4 days ago
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- CoinDeskSelectedASIC proposes tighter rules for Australian crypto exchanges and digital asset custodians
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.
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