Share this article
Australian Watchdog to Apply Market Rules to Crypto Exchanges
Australia's securities regulator has said it plans to apply financial market rules to crypto exchanges and closely scrutinize ICOs.
By Wolfie Zhao
Updated Sep 13, 2021, 8:21 a.m. Published Sep 7, 2018, 9:01 a.m.
A top Australian financial regulator has indicated it will take a new approach when regulating cryptocurrency exchanges, as well as tighten scrutiny of initial coin offerings (ICOs),.
In its a corporate plan for 2018–2022, released Friday, the Australian Securities and Investments Commission (ASIC) outlined its areas of focus for the period. Top of that list is to continue "monitoring threats of harm from emerging products" such as ICOs and cryptocurrencies.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Further, for 2018 and 2019, ASIC said it is developing a new framework that will apply "the principles for regulating market infrastructure providers to crypto exchanges" and will intervene where "there is poor behavior and potential harm to consumers and investors."
According to the ASIC website, its current market infrastructure principals include a licensing scheme, via which it seeks to supervise financial market operators, settlement facilities, derivative trading and market participants.
The planned framework follows cross-department efforts the ASIC has been taking to implement supervisory approaches, such as dispatching staff onsite in financial institutions related to emerging tech including cryptocurrency, ASIC indicated.
Currently, cryptocurrency exchanges in Australia are required to comply with know-your-customer and anti-money laundering standards enforced by Austrac, the country's financial intelligence agency.
ASIC, however, has not issued any pertinent regulation for crypto exchanges, but did published guidelines last year for businesses wishing to conduct ICOs.
The plan appears a timely one, as the country has already seen one public firm seeking to raise capital via a token sale to fund the launch of a cryptocurrency exchange.
As CoinDesk reported this week, an IT firm called Byte Power Group has already started selling its proprietary tokens to private investors in Australia and Singapore in an effort to raise a total of $15 million.
Australian flag image via Shutterstock
Plus pour vous
Ce qu'il:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Plus pour vous
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
Ce qu'il:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
