Wire · regulatory
Australia warns unlicensed crypto firms of fines up to 10% of annual turnover
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Fusion42 · 3 September 2026 · Fusion42 review
Australia's ASIC warns crypto firms that have been operating under temporary regulatory relief to apply for the required financial services licenses by September 30 or face fines up to 10% of their annual turnover starting October 1. This enforcement sharpens the licensing requirement ahead of the Digital Asset Framework effective April 2027.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
ASIC has ended grace periods for unlicensed crypto businesses, making compliance compulsory and costly. You must act fast to secure licensing before the deadline to avoid crippling fines and loss of market access in Australia.
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1 source · 3 Sep 2026
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