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.
Update (Oct. 15 at 5:35 am UTC): This article has been updated to include comments from Liam Hennessy, partner at Thomsons.
Update (Oct. 15 at 11:44 pm UTC): Added comment from Steven Pettigrove, partner at Piper Alderman.
Australia’s securities regulator opened consultation Thursday on proposed capital, custody and trading requirements for crypto platforms, as it prepares to implement legislation passed in April that expands oversight of the industry.&
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