Australia’s Crypto Platforms Have Until 27 November to Mark ASIC’s Homework
Photo: Finance Magnates
Digital asset platforms in Australia will need an Australian financial services (AFS) licence, customer disclosure documents and platform rules, and must meet asset-holding, transactional and settlement standards plus net tangible asset requirements where relevant. These are the obligations in guidance the Australian Securities and Investments Commission (ASIC) has put out for consultation ahead of new laws that commence on 8 April 2027. London's trading industry is coming home! ASIC’s Consultation Paper 392, titled Digital asset law reform implementation: Proposed standards and guidance, covers digital asset platforms and tokenised custody platforms .
Source: Finance Magnates
