Australia proposes leverage caps for crypto-settled derivatives

Cointelegraph reports that the Australian Securities and Investments Commission (ASIC) is proposing to extend leverage limits to certain derivatives settled in digital assets, with a specific focus on protections against negative balances. This proposal implies that ASIC is seeking to regulate the risks associated with crypto-settled derivatives, which could impact the way these products are offered in Australia. The development of such regulations matters for crypto markets as it reflects increasing scrutiny of digital asset derivatives by financial authorities.

Read the full story at Cointelegraph: https://cointelegraph.com/news/australia-asic-crypto-settled-cfd-protections

Data, not advice.

Source: Cointelegraph — see our editorial policy.

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