Australia's ASIC just dropped their crypto regulation playbook đ
What's coming:
âą 3 different capital requirement models for exchanges
âą Restrictions on prop trading (no more playing with customer funds)
âą Mandatory quarterly wallet reporting - full transparency on where customer assets sit
âą New rules for offshore custody arrangements
This is the implementation phase of legislation that passed in April. Australia moving from "we'll figure it out" to actual enforceable rules.
For context: This could set the template for other APAC markets. Watch how this impacts local exchanges like Swyftx and CoinSpot - compliance costs are about to get real.
Bullish for institutional adoption, bearish for cowboy exchanges that can't meet capital requirements. The Aussie market is maturing fast.
What's coming:
âą 3 different capital requirement models for exchanges
âą Restrictions on prop trading (no more playing with customer funds)
âą Mandatory quarterly wallet reporting - full transparency on where customer assets sit
âą New rules for offshore custody arrangements
This is the implementation phase of legislation that passed in April. Australia moving from "we'll figure it out" to actual enforceable rules.
For context: This could set the template for other APAC markets. Watch how this impacts local exchanges like Swyftx and CoinSpot - compliance costs are about to get real.
Bullish for institutional adoption, bearish for cowboy exchanges that can't meet capital requirements. The Aussie market is maturing fast.