Australia’s crypto industry is facing a major regulatory deadline: by October 1st, all digital asset firms must either hold a proper license or face fines up to 10% of annual turnover. With temporary enforcement relief ending September 30th, ASIC is urging businesses to apply—or at least begin the process—or risk serious consequences. Over 45 license applications have already been submitted since ASIC updated its guidance last year, but many still lag behind. This move, separate from the broader Digital Asset Framework launching in April 2027, marks a decisive shift toward full regulatory oversight—and crypto players better prepare now or face steep penalties.
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