Update
ASIC Proposes Extending CFD Protections to Crypto-Settled Derivatives
Australia's ASIC proposes extending existing trading safeguards to qualifying crypto-settled derivatives in response to retail CFD losses. The regulator aims to close a regulatory gap that allows economically similar products to face different restrictions. The proposal follows ASIC's finding that 68% of retail CFD clients lost money during the 2023–24 financial year, with combined losses exceeding A$458 million ($325 million). The changes would force affected brokers and derivatives platforms to comply with existing leverage restrictions and negative balance protections.