Australia Cracks Down on Crypto Firms with September 30 Deadline

Australia has set September 30 as the deadline for crypto firms to meet licensing conditions tied to regulatory relief. The Australian Securities and Investments Commission (ASIC) said that companies must apply for an Australian Financial Services license, change an existing license, or join arrangements with licensed firms by the deadline.

The temporary no-action relief provided by ASIC ends after September 30, exposing non-compliant firms to enforcement from October 1. Penalties can reach 10% of annual turnover for businesses operating without required financial services authorization.

More than 45 crypto-related license applications have reached ASIC since its guidance update in October 2025. Australia's broader Digital Assets Framework starts on April 9, 2027, bringing crypto and tokenized custody platforms under licensing rules.