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Australia's ASIC proposes strict crypto platform rules ahead of 2027 rollout

Australia's corporate regulator has opened public consultation on proposed regulatory standards for crypto platforms, including strict capital baselines and trading curbs ahead of an April 2027 rollout.

A sign outside a building displaying the Australian coat of arms, the blue logo, and the name Australian Securities and Investments Commission (ASIC).
Image: @solidintel_x

The Australian Securities and Investments Commission (ASIC) is seeking feedback on proposed operational standards for digital asset platforms ahead of an April 2027 regulatory rollout. The consultation follows Parliament's passage of digital asset legislation in April and targets asset holding, custody, trading, settlement, licensing, and broader customer protection to safeguard financial stability.[6][2][4][3]

Under the proposed framework, Australia is considering banning crypto exchanges from trading against their own users. Regulators are also reviewing capital requirements, including a proposal that would require platforms operating without a custody concession to hold at least A$14 million in net tangible assets. That model features an A$200,000 custody floor alongside asset and revenue tests, as well as strict standards for external custodians. All three proposed regulatory models remain open for consultation.[1][7][5][8]

The watchdog has already received more than 140 applications from firms aiming to provide crypto-related financial services in Australia. The public consultation period is open through Nov. 27, 2026.[2][8]

Key facts

  • ASIC is consulting on crypto platform standards covering custody, trading, capital, licensing, asset holding, and settlement.
  • The consultation follows Parliament's passage of digital asset legislation in April, with rules slated to take effect in April 2027.
  • Australia is proposing to ban crypto platforms and exchanges from trading against their own customers.
  • One consultation model would mandate at least A$14 million in net tangible assets for platforms without a custody concession.
  • The capital framework under consideration includes an A$200,000 custody floor, asset and revenue tests, and rules for outside custodians.
  • ASIC has received over 140 applications from firms seeking to offer crypto-related financial services.
  • Public feedback on the proposed rules closes on Nov. 27, 2026.

Sources · 8 sources

  1. CB

    Coin Bureau@coinbureauPost on X ·

    BREAKING: 🇦🇺 Australia considers banning crypto exchanges from trading against their own users starting April 2027.

    Open source
  2. TB

    The Block@TheBlockCoPost on X ·

    THE BLOCK: Australia's ASIC is seeking feedback on standards for new digital asset laws ahead of April 2027 rollout. The proposals cover asset holding, trading, settlement and licensing. The regulator has received more than 140 applications from businesses seeking to provide crypto-related financial services. Comments close Nov. 27, 2026.

    Open source
  3. AI

    Analytics Insight@analyticsinmePost on X ·

    ऑस्ट्रेलिया में क्रिप्टो पर नए नियम, 𝟐𝟎𝟐𝟕 से पहले जानें बड़े बदलाव क्रिप्टो कारोबार पर ऑस्ट्रेलिया में सख्ती की तैयारी है। 𝐀𝐒𝐈𝐂 ने लाइसेंस, ट्रेडिंग और ग्राहक सुरक्षा से जुड़े नए नियम प्रस्तावित किए हैं। जानें कब से लागू होगा नया नियम और कंपनियों पर क्या असर पड़ेगा। #ASIC #CryptoRegulation #CryptoRules #Australia #DigitalAssets #CryptoLicensing #CryptoNews #BusinessNews https://t.co/6TgAdozmZS

    Open source
  4. CO

    CoindeskArticle ·

    Australia’s financial watchdog seeks stiffer rules for crypto exchanges ahead of licensing deadline The country’s regulator, ASIC, has proposed tougher rules to protect users’ digital assets, crypto trading and to safeguard the country’s financial stability.

    Open source
  5. CR

    CryptoSlateArticle ·

    Australia eyes A$14 million capital rule as crypto regulatory crackdown deepens The proposed A$200,000 custody floor comes with asset and revenue tests and requirements for the outside custodian. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

    Open source
  6. CT

    Coin TelegraphArticle ·

    Australia seeks feedback on crypto platform rules ahead of 2027 rollout The consultation follows Parliament’s passage of digital asset legislation in April, with Australia’s securities regulator now proposing capital, custody and trading standards for crypto platforms.

    Open source
  7. SI

    Solid Intel 📡@solidintel_xPost on X ·

    INTEL: Australia proposes banning crypto platforms from trading against their own customers under stricter capital and custody rules planned for 2027 https://t.co/lMoCoJC2wo

    Open source
  8. CR

    CryptoSlate@CryptoSlatePost on X ·

    A$14 million in net tangible assets would be the minimum for crypto platforms without a custody concession under one proposal from Australia’s @asicmedia. All three models remain under consultation. Feedback closes Nov. 27. via @hardeyjumoh https://t.co/BKQHmoT6o5

    Open source