The Australian Securities and Investments Commission (ASIC) has warned digital asset businesses in Australia to complete their licensing transition by September 30, 2026, as sector-wide no-action relief approaches its end. Firms providing digital asset-related financial products and services must apply for or vary an Australian Financial Services Licence. Since updating its digital asset guidance in October 2025, more than 45 license applications have been submitted. From October 1, non-compliant firms risk breaching financial services law and could face civil or criminal penalties, with fines reaching up to 10% of annual turnover.
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