Australia Unveils Tough New Rules for Crypto Platform…
By Damilola Esebame
Source excerpt · FinanceFeeds
Australia's securities regulator has proposed capital requirements as high as A$14 million (US$9.7 million) in net tangible assets, strict custody rules, and restrictions on trading for their own account by crypto platforms under a new licensing framework scheduled to take effect in April 2027. The Australian Securities and Investments Commission (ASIC) published Consultation Paper 392 on October…