According to @PANewsCN, the Australian Federal Police (AFP) cracked a crypto wallet’s mnemonic phrase and seized approximately $6.4 million believed linked to an organized crime group, per an AFP announcement. The AFP stated the seizure is part of a broader crackdown on encrypted communication networks used by criminal enterprises, according to the AFP. The AFP also reported the arrest of 32-year-old Sydney resident Jay Je Yoon Jung, alleging he developed the Ghost encrypted communications platform for criminal organizations, per the AFP. No immediate market impact data were provided by the AFP, but the operation’s focus on crypto-enabled communications and wallet security elevates enforcement-related compliance considerations for market participants, according to the AFP’s description of the targeted networks.

According to the source, an official ASIC release is required to verify whether Bitcoin (BTC) and certain NFTs are excluded from the definition of financial products while stablecoins, tokenized securities, and staking services are classified as regulated financial products, before drawing trading conclusions on listings, custody, and staking yields in Australia. Source: Australian Securities and Investments Commission (ASIC).

According to the source, we need primary, non-media citations to produce a trading-grade summary. Please share the article text or official references. Key verifiable sources include: Australian Treasury’s Regulating digital asset platforms consultation outlining proposed licensing and custody rules (source: Australian Treasury, October 2023 consultation); ASIC enforcement updates and consumer risk guidance that influence platform operations and investor behavior (source: ASIC media releases and guidance 2023–2024); ACCC Targeting Scams reports detailing persistent crypto-related losses that weigh on public trust (source: ACCC Targeting Scams 2023 and 2024); and Cboe Australia disclosures for crypto-linked ETFs such as EBTC and EETH that can channel institutional flows (source: Cboe Australia listings, 2022). With these primary sources, we can quantify potential impacts on BTC and ETH AUD pairs, onshore exchange liquidity, and regulated product flows, and identify catalysts tied to the Treasury’s final position and legislative timelines (source: Australian Treasury consultation process).

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.

According to the source, Australia is drafting legislation to tighten oversight of digital asset platforms. Source: user-provided social media post dated 2025-09-24. This direction aligns with the Australian Treasury’s October 2023 consultation proposing a licensing framework for digital asset platforms that hold customer assets, including requirements for custody, asset segregation, and minimum operational standards. Source: Australian Treasury, Regulating Digital Asset Platforms consultation, October 2023. Traders should monitor official releases for bill text, implementation timelines, and transition periods, as licensing and custody rules can affect AUD on-ramps, exchange listings, and compliance costs that influence local liquidity for BTC and ETH pairs. Source: Australian Treasury consultation (October 2023) and ASIC guidance on crypto-related products and enforcement communications (ASIC official website). Watch for confirmations from the Treasury, ASIC, and the Parliament of Australia regarding scope, start dates, and any grandfathering provisions that could impact venue risk and trading spreads in the Australian market. Source: Australian Treasury official website; Australian Securities and Investments Commission official website; Parliament of Australia legislative process resources.