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).