Australia's crypto license grace period ends September 30; unlicensed operations face fines up to 10% of annual turnover

PANews reported on September 3, according to Cointelegraph, that the Australian Securities and Investments Commission (ASIC) warned that crypto firms relying on the temporary regulatory relief period must apply for a financial services license before September 30, or they may face fines of up to 10% of their annual turnover. Starting October 1, companies that are not authorized and do not meet ASIC relief period conditions may violate financial services laws and face civil and criminal penalties. Since updating its guidance in October 2025, ASIC has received more than 45 license applications related to digital assets, and on June 25 it extended the relief period from June 30 to September 30. ASIC stressed that this license application relief period and the digital asset framework taking effect in April 2027 are two separate regulatory arrangements.