Under one model proposed by ASIC in Consultation Paper 392 on October 15, 2026, platforms without qualifying third-party custody must hold at least A$14 million in net tangible assets or 10% of average revenue

From the articleAustralia proposes new crypto exchange rules for 2027Also in Australia’s New Crypto Rules: Exchanges May Need A$14M in Capital, Australia Proposes Capital, Custody Rules for Crypto