Australia's crypto licensing relief ends as ASIC deadline passes
- —More than 45 digital asset businesses have applied for licenses since ASIC updated its guidance in October 2025
- —Penalties for operating without required authorization can reach 10% of annual turnover
- —A separate digital asset framework takes effect on April 9, 2027
- —ASIC extended the transition deadline from June 30 to Sept. 30 in June
Why it matters: Australia is folding crypto firms into its existing financial services regime, setting a precedent for other jurisdictions and raising compliance costs for unlicensed players.
Source: crypto.news
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