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.