A bit sudden. The deadline is November 9. ASIC proposes extending CFD rules to derivatives settled by transferring digital assets, provided they meet other criteria. The rules would impose leverage caps, mandatory closeouts and negative balance protection. Some cryptocurrency futures and options with fixed expiry dates would be excluded.
This framework has been in place since 2021: providers must close out positions when account funds fall below a certain level, while negative balance protection caps clients’ losses at the funds in their accounts. Legislation passed in April brought cryptocurrency exchanges and tokenized custody platforms under financial services licensing, but the new regime will not take effect until April 9, 2027. The consultation and the licensing rollout aren’t happening on the same day. I’ll first see how this boundary is drawn, rather than treating it as a directional signal.
#澳洲监管 #衍生品
This framework has been in place since 2021: providers must close out positions when account funds fall below a certain level, while negative balance protection caps clients’ losses at the funds in their accounts. Legislation passed in April brought cryptocurrency exchanges and tokenized custody platforms under financial services licensing, but the new regime will not take effect until April 9, 2027. The consultation and the licensing rollout aren’t happening on the same day. I’ll first see how this boundary is drawn, rather than treating it as a directional signal.
#澳洲监管 #衍生品