Australia Warns Crypto Firms to Get Licensed Before the Deadline
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ASIC has ordered crypto firms relying on temporary no-action relief to meet licensing transition rules by September 30, 2026 and warned that from October 1 any company operating without the required license could breach Australian law. Non-compliant platforms face civil and criminal penalties and fines up to 10% of annual revenue, and Australian users should verify platform licensing to ensure regulatory compliance and limit counterparty risk.
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- ASIC warns crypto firms to meet licensing rules by Sept 30 or face penalties.
- Non-compliant firms face civil and criminal penalties, and fines up to 10% of revenue.
- Australian users should verify platform licensing before the October 1 deadline.
The Australian Securities and Investments Commission (ASIC) has warned crypto businesses currently relying on temporary regulatory relief that they must meet the licensing transition rules by September 30, 2026.
From October 1, any company that requires a license but hasn’t met the conditions could be breaking Australian financial services law. Companies that fail to do so might face civil or criminal penalties, and in some cases, fines of up to 10% of their yearly revenue.
The temporary no-action relief was originally supposed to end earlier in 2026, but ASIC pushed the deadline to September 30th and made some changes t…
Read The Full Article Australia Warns Crypto Firms to Get Licensed Before the Deadline On Coin Edition.
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