ASIC Gives Australian Crypto Firms 3 More Months to Secure AFS Licenses Until Sept. 30

The Australian Securities and Investments Commission (ASIC) extended its no-action relief for digital asset firms to Sept. 30, 2026, providing an additional three months to secure Australian Financial Services (AFS) licenses. The relief, initially set to expire June 30, also now covers firms using authorized representative or intermediary arrangements with AFS license holders. ASIC stated the extension "reflects a pragmatic response to industry transition challenges" while maintaining focus on investor protection. The regulator has received approximately 30 license applications from digital asset firms since updating its guidance on how existing financial services laws apply to digital assets. The no-action position does not change licensing requirements, and ASIC reserves the right to take enforcement action against serious misconduct.
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