What happened
ASIC released Consultation Paper 392 proposing new standards for crypto platforms covering licensing, asset custody, trading conduct and capital requirements. The proposed regulatory framework considers three capital models, including one requiring platforms to maintain at least $9.7 million AUD in net tangible assets.
Why it matters here
The rules enforce traditional financial services standards on digital asset exchanges operating in Australia. While designed to improve consumer protection and custody safeguards, increased compliance expenses and strict capital minimums could pressure smaller, under-capitalised local exchanges out of the market ahead of the deadline.
What to watch
The closing of the public consultation period on 27 November 2026, followed by final ASIC guidance standards expected to be published in early 2027.
Source
tangem.com