Australian regulator extends no-action period for crypto licensing
ASIC extended its no-action position for Australian digital asset businesses to Sept. 30 and widened the relief to additional licensing arrangements.
➤ Australia's financial regulator, ASIC, has extended its no-action period for crypto businesses seeking licenses until September 30, providing an additional three months for compliance. ➤ This extension also broadens the relief to include businesses operating through authorized representatives and intermediary arrangements, increasing the number of eligible companies. ➤ The move comes as Australia prepares for its new Digital Asset Framework, set to commence in April 2027, which will integrate digital asset platforms under the existing financial services licensing regime.
