ASIC Sets A$14M Capital Floor for Australian Crypto Platforms

Australia's ASIC published Consultation Paper 392 outlining operational rules for digital asset exchanges, custodians and tokenized platforms under the DAF Act. Capital floors reach A$14 million (about US$9.7 million) for operators using in-house custody, with the law taking effect April 9, 2027.

• Capital floor of A$14M or 10% of average revenue for in-house custody operators
• Small platforms under A$10M annual volume exempt from full capital regime
• Over 140 license applications filed, 110 during the no-action window
• Digital Assets Framework Act takes effect April 9, 2027