Australia’s financial markets regulator ASIC has proposed extending contracts for difference (CFD) rules to derivatives settled in digital assets. This extension would cap leverage and protect retail investors against negative balances on these crypto-settled products. The regulator is seeking industry feedback until November 9. Australia also passed legislation in April to regulate crypto exchanges and tokenized custody platforms, with the new framework taking effect on April 9, 2027. ASIC also required crypto firms to apply for licenses by September 30 or modify their existing licenses.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
