According to Cointelegraph, Australia’s securities regulator has initiated a consultation process requesting feedback from stakeholders on proposed standards for digital asset platforms. The move comes after Parliament passed legislation related to digital assets in April. Under the proposal, the regulator seeks to establish requirements covering capital obligations, custody arrangements, and trading conditions for crypto-related services.
The consultation aims to gather input before finalizing rules that would apply as part of a planned rollout targeting completion by 2027. No specific timelines for rule adoption or implementation phases beyond the stated 2027 target were included in the details provided. The regulator’s focus currently centers on defining capital, custody and trading standards consistent with existing regulatory objectives.
