🚨 Australia Warns Crypto Firms: Get Licensed or Face 10% Revenue Fines
The Australian Securities and Investments Commission (ASIC) has issued a final warning to crypto companies operating under temporary regulatory relief. Firms have until Sept. 30, 2026, to apply for an Australian Financial Services license or risk severe penalties.
Starting Oct. 1, any business requiring authorization that has not met the application conditions will be in breach of financial services law. The regulator confirmed that non-compliant firms may face civil and criminal charges, with fines reaching up to 10% of their annual turnover.
ASIC reports that over 45 digital asset-related license applications have been filed since October 2025. This transition period serves as a bridge to Australia’s full Digital Asset Framework, which is scheduled to take effect on April 9, 2027.
#Australia #ASIC #Regulation #CryptoNews
The Australian Securities and Investments Commission (ASIC) has issued a final warning to crypto companies operating under temporary regulatory relief. Firms have until Sept. 30, 2026, to apply for an Australian Financial Services license or risk severe penalties.
Starting Oct. 1, any business requiring authorization that has not met the application conditions will be in breach of financial services law. The regulator confirmed that non-compliant firms may face civil and criminal charges, with fines reaching up to 10% of their annual turnover.
ASIC reports that over 45 digital asset-related license applications have been filed since October 2025. This transition period serves as a bridge to Australia’s full Digital Asset Framework, which is scheduled to take effect on April 9, 2027.
#Australia #ASIC #Regulation #CryptoNews