Australia’s ASIC seeks to extend trading protections to crypto-settled products
What happened
The post Australia’s ASIC (a chip built for one specific job rather than general use) seeks to extend trading protections to crypto-settled products appeared first on Crypto Briefing . Australia’s ASIC seeks to extend trading protections to crypto-settled products ASIC said the intervention order had cut aggregate net losses across retail CFD accounts by 91% within six months of its introduction.
The proposed amendments would also clarify margin requirements for CFDs over options, prevent opposing positions from being netted to lower initial margin requirements, and update rules for permitted discounts and educational or research tools. ASIC's updated CFD safeguards could reshape digital asset trading, impacting market strategies and regulatory compliance for brokers and traders.
12, 2026 Australia’s Securities and Investments Commission (ASIC) is consulting on a proposal to renew its contracts for difference (CFD) consumer protection order for another decade and broaden its coverage to include products with similar economic characteristics and risks, even when they are settled using digital assets rather than cash, according to an Oct. Advertisement If approved by the minister, the order would remain in place until 2037.
Sources & evidence
- Crypto Briefing Reporting source
Australia’s ASIC seeks to extend trading protections to crypto-settled products ↗
https://cryptobriefing.com/asic-cfd-safeguards-digital-assets-consultation/