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.