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Australia Consults on Crypto Platform Rules
Australia is seeking feedback on proposed capital, custody and trading standards for crypto platforms ahead of a planned 2027 rollout. The Australian Securities and Investments Commission (ASIC) is consulting on rules that would require covered crypto platforms to obtain or amend an Australian financial services license, with submissions open until November 27. The proposed rules include a possible A$9.7 million net tangible asset threshold for capital requirements and custody requirements for customer funds.