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Australia to expand regulation of crypto-settled derivatives, limit leverage and losses

Australia\'s securities regulator is moving to apply leverage caps and loss limits to some derivatives settled in cryptocurrency. The Australian Securities and Investments Commission proposed amendments to extend consumer protections under contracts for difference rules to certain digital-asset settlement contracts. Some fixed-maturity crypto futures and options would remain outside the CFD regime. ASIC will take submissions until Nov. 9, with final rules potentially adjusted after industry feedback.