Digital Asset Firms Receive More Time to Seek AFS Licensing

Australian digital asset firms have three more months to secure regulatory approvals after the Australian Securities and Investments Commission (ASIC) extended its sector-wide no-action position to Sept. 30, 2026. The relief covers firms offering financial services involving digital assets that may fall under existing financial product laws.

The extension gives firms more time to apply for or vary an Australian Financial Services (AFS) licence. ASIC also expanded the relief to businesses using authorized representative or intermediary authorization arrangements with an AFS licence holder.

The regulator said:

“ASIC’s decision reflects a pragmatic response to industry…