ASIC's regulatory framework proposed in Consultation Paper 392 permits Australian platforms to use overseas custodians provided they disclose asset locations and cross-border risks to customers

Licensing, custody, and market-conduct rules for platforms where people trade digital assets, shaped by collapses like FTX and jurisdictional disputes between regulators.

Rules for who may hold digital assets on behalf of others and how, covering qualified custodians, banking charters, and the accounting treatment of custodied crypto.