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Australia Extends Crypto No-Action Relief by Three Months, Giving Unlicensed Firms Until Sept. 30

Australia Extends Crypto No-Action Relief by Three Months, Giving Unlicensed Firms Until Sept. 30

  • The Australian Securities and Investments Commission said it had extended the deadline for temporary no-action relief for crypto businesses through Sept. 30.
  • The extension means applicants for an AFS license, firms requiring clearing and settlement approvals, and crypto businesses operating through agency or intermediary structures will be covered by the regulatory reprieve.
  • ASIC said the digital asset framework bill, which takes effect in April next year, will bring crypto platforms and related businesses into Australia’s formal financial system and may require additional approvals.

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Australia’s financial regulator has extended enforcement…

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