The Australian Securities and Investments Commission (ASIC) has set a deadline of September 30, 2026, for crypto firms to comply with financial services laws, with potential civil and criminal penalties for non-compliance. This regulatory push aims to subject digital assets to a stricter legal framework. It is creating uncertainty in the crypto market, with a potential impact on Bitcoin’s price. The optimism for Bitcoin reaching $200,000 by year-end has declined from 10% to 7.5% over the past week.
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