ASIC consults on implementing Australia's digital-asset platform framework
Consultation Paper 392 proposed operational standards and guidance for platforms, linking licensing rules with custody, settlement and financial requirements.
The Australian Securities and Investments Commission opened Consultation Paper 392 on October 15, 2026. The paper proposed standards and guidance for implementing the digital-asset platform framework, including treatment of assets, transactions, settlement and licensees' financial resources.
Platform regulation depends on operational details as well as the existence of a licence. How a business handles customer assets, completes transfers and maintains its finances determines what the framework means for people using it. Bitcoin trading and custody services fall within that institutional problem where covered by the broader rules.
The consultation proposed how ASIC would implement the framework. It did not establish that every draft standard was final or that every platform had already satisfied it.
The October action marked the transition from broad reform toward the requirements that licensed businesses would need to understand and apply. Its subject was intermediary conduct around digital assets, rather than alteration of Bitcoin's underlying ownership and settlement rules.