Regulation· ★★★★· neutral·

Australia's ASIC Proposes Ban on Crypto Exchanges Trading Against Customers

  • —Proprietary trading ban would cover order-matching exchanges and their affiliated companies
  • —Disclosed broker, dealer and principal-counterparty arrangements would remain permitted with customer consent
  • —Three NTA models range from A$2 million or 0.5% of assets to A$14 million or 10% of revenue
  • —Platforms would be barred from taking benefits for favorable token listings and must disclose liquidity providers
Why it matters: The rules could reshape business models for Australian exchanges and raise capital requirements, affecting how crypto platforms are licensed in the country.
Source: Crypto News Flash
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