ME News reports that on September 3 (UTC+8), the Australian Securities and Investments Commission (ASIC) announced that cryptocurrency companies relying on temporary regulatory exemptions must apply for an Australian Financial Services License or seek an amendment to their existing license by September 30. Starting October 1, businesses that do not meet the conditions of ASIC’s “no-action” stance and still require authorization may be in breach of financial services laws and could face civil or criminal penalties, with fines of up to 10% of annual turnover. ASIC stated that since updating its guidance in October 2025, it has received over 45 license applications related to digital assets. (Source: Foresight News)
Australia's ASIC Sets September 30 Deadline for Crypto License Applications
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Summary
Australia’s regulatory stance on liquidity and crypto markets strengthens as ASIC sets September 30 as the deadline for crypto firms to apply for or amend their licenses. Firms relying on temporary exemptions must comply by the deadline. Starting October 1, non-compliant firms may face penalties, including fines of up to 10% of annual turnover. ASIC has reported over 45 license applications since October 2025.
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