Australian Authorities Push For Reform In Retail Crypto

Australian regulators intensify efforts to protect investors from high-risk crypto derivatives.

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  • The Australian Securities and Investments Commission is intensifying crypto regulatory measures.
  • More than 60 issuers offer unregulated high-risk derivatives in Australia.
  • The commission promises disciplinary actions against non-complying issuers.

As the cryptocurrency industry continues to gain traction, the increased need for proper and robust regulatory measures becomes increasingly apparent. 

In response to this growing need, the Australian regulatory authority has announced the enforcement of stricter measures to mitigate risks associated with crypto derivatives for retail investors.

New Regulatory Measures

In a report released on September 5th, the Australian Securities and Investments Commission (ASIC) announced its decision to strengthen efforts to regulate high-risk over-the-counter (OTC) derivatives, including cryptocurrencies, offered to retail clients within the region.


The Commission, known for its history of taking strong regulatory actions to protect consumer interests, expressed concerns regarding the amalgamation of unregulated digital assets and regulated financial products. 

The report revealed the Commission’s dissatisfaction with offerings of high-risk crypto products, addressing the harms they pose to retail investors. 

This heightened scrutiny comes on the heels of the conclusion of a targeted review, which revealed that more than 60 Australian financial licensees offer high-risk derivatives within Australia. The report also builds on the commission’s previous efforts to ensure compliance with design and distribution obligations, further highlighting their dedication to safeguarding financial markets. 


The ASIC’s deputy chair, Karen Chester, issued a stern warning to issuers, underscoring the importance of adhering to the enforced distribution regulations. She stated that disciplinary actions will be taken against issuers lacking compliance.

This regulatory stance showcases the ASIC’s commitment to fostering a secure and favorable financial environment, specifically in the fast-growing cryptocurrency landscape.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Grace Abidemi

Grace Abidemi, a cryptocurrency reporter at DailyCoin, covers industry developments and trends. She previously worked as a freelance writer. With a Bachelor's degree in German Language and certifications in marketing and storytelling, Grace creates engaging content. When not working, she's in Nigeria, mastering cooking and canvas painting, and enjoys learning about different cultures and languages.