Australia’s corporate regulator has warned digital asset firms relying on its sector-wide no-action position that they must apply for or vary an Australian Financial Services licence by September 30, 2026. ASIC said firms that miss the deadline could be operating in breach of financial services law from October 1.
The warning applies to providers of digital asset-related financial products and services, while firms needing an Australian Market Licence or Clearing and Settlement facility licence must also notify ASIC and hold a pre-application meeting by the deadline. ASIC said civil and criminal penalties could include fines of up to 10% of annual turnover. More than 45 relevant licence applications have been recorded since updated guidance was issued in October 2025.
The immediate focus is whether affected firms complete the required licensing steps before transitional relief ends. ASIC’s no-action position expires after September 30, while the broader Digital Assets Framework Act is scheduled to commence on April 9, 2027, with further standards, guidance and regulatory materials still to come.
Source: Australian Securities and Investments Commission (ASIC).
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