Australia Proposes Crypto Exchange Restrictions
Australia plans to ban crypto platforms from trading against their own customers and implement stricter capital and custody rules, targeting a 2027 rollout.
What we know
an account on X reported that Australia is proposing to prohibit crypto platforms from proprietary trading against customers — a move aimed at eliminating conflicts of interest — alongside tighter capital requirements and custody standards planned for 2027 — another account on X. This follows a broader global trend of stricter crypto exchange regulation post-FTX.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.