The Australian Securities and Investments Commission (ASIC) recorded more than 45 applications tied to digital-asset services, it said today (Wednesday). The count has increased by roughly half since ASIC extended its transitional licensing relief.

Businesses relying on the regulator’s no-action position have until September 30 to apply for or vary an Australian financial services license.

From October 1, firms that need authorization but have not met the relief conditions risk civil and criminal penalties. Fines can reach 10% of annual turnover.

Brokers and other intermediaries must assess each product and service separately. Filing an application can preserve ASIC’s temporary enforcement position for eligible activity, but the relief…