$BTC | An AUSTRAC-registered exchange and an ASIC-regulated CFD broker promise different things. On the desk this gets confused weekly. AUSTRAC registration is an anti-money-laundering check, not protection if an exchange is hacked or fails. A crypto CFD broker is different: ASIC caps leverage at 2:1 versus 30:1 on FX majors, and requires negative balance protection plus segregated client funds. SatoshiMacro's crypto trading guide lays both routes out side by side for exactly this reason. My read: if self-custody discipline is not already a habit, the segregated-funds rule is doing work AUSTRAC alone does not. Neither route removes capital-loss risk.

https://satoshimacro.com/guides/forex/how-to-trade-crypto/?utm_source=binance_square&utm_medium=social&utm_campaign=autopilot_short-2

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