Australia Proposes Stricter Crypto Regulations

• ASIC proposed tougher rules for crypto exchanges to protect users and ensure financial stability.
• The new rules aim to safeguard digital assets and crypto trading.
• ASIC's proposal includes leverage caps for crypto-settled derivatives.
• The changes are set to take effect ahead of the licensing deadline for crypto exchanges.
• The proposal extends leverage limits and protections against negative balances to certain derivatives.