Australia Proposes Strict Crypto Platform Rules Ahead of 2027 Licensing Changes
Australia’s financial watchdog has proposed stricter rules for crypto platforms ahead of the 2027 licensing changes, including requirements around customer funds, trading, transactions, and business capital. ASIC also opened a consultation on 15 October for crypto exchanges and tokenised custody platforms, with submissions due on 27 November and the new regime set to begin on 8 April 2027.
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Crypto exchanges and tokenised custody platforms are the main businesses that have to watch this now, because ASIC has already opened consultation and set dates for submissions and the regime start. Customers who keep assets on these platforms are part of the group affected by the proposed standards for fund protection and transaction handling.
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