
Australia's ASIC unveils crypto platform draft rules with A$14M capital threshold, effective April 2027
- —Capital threshold set at A$14M or 10% of average revenue, whichever is higher
- —Consultation on draft CP 392 runs until Nov. 27
- —Law takes effect April 8, 2027, with a transition period until Oct. 7
- —Draft bans proprietary trading and curbs conflicts of interest
Why it matters: Australia is among the first in Asia to roll out a full licensing regime for crypto platforms, setting a benchmark for other jurisdictions.
Source: 動區 BlockTempo
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