Australia Requests Public Input on Crypto Rules Before 2027 Rollout

Australia’s corporate regulator has moved closer to implementing its digital-asset rulebook, launching a consultation that sets out proposed capital, custody and trading requirements for crypto platforms. The consultation, issued by the Australian Securities and Investments Commission (ASIC), comes as the regulator prepares to apply legislation passed in April that expands oversight of the industry. The proposals—published as Consultation Paper 392—outline three alternative capital models, restrictions aimed at conflicts of interest, and quarterly reporting requirements for custody wallets that hold customer assets.

Source: Crypto Breaking News