Australia Seeks Feedback on Crypto Platform Regulations Ahead of 2027 Rollout
Key Highlights: The Australian Securities and Investments Commission (ASIC) released Consultation Paper 392 (CP 392), establishing proposed licensing, capital, and custody standards under the Corporations Amendment (Digital Assets Framework) Act. Under the proposed models, cryptocurrency operators without qualifying third-party custody may be required to maintain at least 14 million Australian dollars ($9.7 million) in net ...