Australia’s securities regulator has proposed bringing certain crypto settled derivatives under existing retail trading safeguards after reporting more than $458 million in losses among contracts for difference traders.
Summary
- Australia’s securities regulator has proposed bringing certain crypto settled derivatives under existing CFD rules, including leverage limits and retail investor safeguards.
- ASIC is seeking a 10 year renewal of its CFD protections after 68% of retail traders recorded net losses totaling more than $458 million in 2023–24.
- The proposed changes would clarify margin requirements, restrict netting of opposing positions and cover qualifying contracts…
