Australian Crypto Firms Face September Deadline or Risk Penalties

Australia's temporary enforcement relief for certain digital asset businesses is set to expire on September 30, leaving firms that require regulatory authorization at risk of fines and penalties if they fail to meet the conditions.

Businesses that need an Australian Financial Services licence must apply for authorization or request changes to an existing licence by the deadline, while companies requiring market or clearing and settlement licences face a different process involving notification and pre-application meetings.

Since ASIC revised its guidance in October 2025, more than 45 digital asset-related licence applications have been recorded, up from about 30 reported when the transition period was extended on June 25.