Australia’s financial regulator, ASIC, warns crypto businesses that rely on temporary enforcement relief to apply for the required licences by September 30. ASIC states that firms operating without the necessary authorisation from October 1 face legal consequences, including potential penalties of up to 10% of annual turnover.
The regulator is also tracking licensing demand as the relief period nears its end. Cointelegraph reports ASIC has received more than 45 digital asset-related licence applications. The outlets align on the timeline and the enforcement message, though they differ slightly in emphasis: NDTV focuses on the deadline and the consequence of operating without authorisation, while Cointelegraph highlights the number of applications submitted ahead of the expiry.
