Australia’s financial regulator has warned crypto businesses relying on its no-action position that they have until Sept. 30 to meet its authorization conditions or risk fines and other penalties.

The Australian Securities and Investments Commission said firms can apply for or vary an Australian Financial Services license, or operate under or enter into authorized-representative or intermediary-authorization arrangements with an AFS license holder.

The relief also covers businesses operating under, or entering into, authorized representative or intermediary authorization arrangements with an AFS license holder.

Companies that need an Australian Market Licence or a Clearing and Settlement facility license must also notify ASIC and…