ASIC Pushes Back Enforcement Deadline, Giving Crypto Firms More Time to Transition - Crypto Economy

ASIC extended the no-action period until September 30, 2026 for digital asset businesses in Australia, postponing the original June 30 deadline. The measure grants three additional months to businesses processing licenses under the Australian Financial Services (AFS) scheme, as well as to those requiring market or clearing and settlement authorizations.

The Australian Securities and Investments Commission also expanded the scope of the temporary relief to cover firms operating through authorized representatives or intermediary arrangements with already-licensed companies. Since updating its INFO 225 guide in October 2025, the regulator has received around 30 license applications.

That guide establishes that many digital asset products qualify as financial products under current legislation, a criterion the Superior Court reinforced after ruling in the Block Earner case that a crypto yield product constituted a financial product under the Corporations Act. The extension is independent of the Digital Asset Framework approved in April, which is scheduled to take effect on April 9, 2027.

Source: https://www.asic.gov.au/about-asic/news-centre/news-items/asic-extends-no-action-position-for-digital-asset-businesses-to-30-september-2026/

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