Australia's ASIC extends crypto license transition period to end of September, expands exemption scope

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Shenchao TechFlow News: On June 26, according to Cointelegraph, the Australian Securities and Investments Commission (ASIC) announced that the temporary enforcement exemption period for digital asset firms applying for an Australian Financial Services (AFS) license has been extended to September 30, 2026, moving the previous June 30 deadline back by three months.

The extension also broadens the scope of the exemption, bringing digital asset firms that operate through authorized representatives or intermediary arrangements with licensed companies under transitional protection. ASIC said that since updating its digital asset regulatory guidance in October 2025, it has received approximately 30 license applications.

Notably, this extension is independent of Australia’s Digital Asset Framework, which was passed by parliament in April this year and is scheduled to formally take effect on April 9, 2027. ASIC warned that firms licensed under the current guidance may still need to obtain additional authorizations after the new framework is implemented.

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