According to CoinMarketCap, Australia’s government has introduced a bill to Parliament that would subject crypto exchanges and custodians to the same licensing requirements and laws as traditional financial institutions, signaling bank-level regulatory treatment for digital asset platforms operating in the country. Source: CoinMarketCap on X, Nov 27, 2025. The source post did not include implementation timelines or detailed framework provisions, but the move directly ties exchange and custodian operations in Australia to formal licensing obligations under a traditional finance standard. Source: CoinMarketCap on X, Nov 27, 2025.

According to @stevevallas, Australia is moving to regulate digital asset and crypto platforms and has directed stakeholders to the Treasury consultation for the exposure draft legislation; source: Steve Vallas on X. The Australian Treasury consultation page confirms the publication of the exposure draft legislation for digital asset platforms; source: Australian Treasury consultation page. The consultation materials include explanatory materials, a fact sheet, and consultation questions for industry feedback; source: Australian Treasury consultation page. Traders and exchanges with Australia exposure should review the official documents to assess potential compliance obligations and operational impacts; source: Australian Treasury consultation page.