Australia proposes new crypto exchange rules for 2027

Australia has proposed new rules for cryptocurrency trading and custody platforms on October 15, 2026, with financial regulator ASIC seeking public feedback by November 27 before the country’s digital asset licensing framework takes effect in April 2027. Summary Australia opened consultation on proposed crypto platform rules, with industry feedback due November 27, 2026. ASIC proposed three capital models, including an A$14 million threshold for certain platform operators without custody. New licensing applications open April 8, 2027, while existing operators receive an October 7 deadline. Proposed rules address customer asset custody, trading transparency, conflicts of interest, and financial resource requirements. ASIC reported over 140 digital asset licensing applications, including more than 110 during transitional relief. The Australian Securities and Investments Commission (ASIC) announced the consultation alongside Consultation Paper 392, which outlines planned requirements for customer asset protection, trading practices and financial resources. The regulator expects to publish final guidance in March 2027, giving businesses time to prepare for the new licensing requirement...