Australia's ASIC proposes tougher crypto exchange rules

Australia's financial regulator, ASIC, has proposed stricter rules for crypto exchanges ahead of the country's licensing deadline, aiming to better protect users' digital assets, govern crypto trading and safeguard financial stability. The proposal tightens obligations for platforms preparing to operate under Australia's licensing regime. No specifics on the individual rule changes, compliance timelines or which platforms would be most affected were disclosed in the initial announcement.