Australia’s Securities and Investments Commission just bought the country’s crypto industry a little more breathing room. The regulator extended its no-action position for digital asset businesses from June 30 to September 30, 2026, giving firms an additional three months to get their licensing paperwork sorted.
In practical terms, this means ASIC won’t pursue enforcement action against crypto companies that are actively working toward obtaining an Australian Financial Services (AFS) licence. The alternative involves civil and criminal penalties under the Corporations Act.
What the extension actually covers
The no-action relief applies specifically to digital asset businesses providing financial services that are in the process of securing or amending AFS licence applications. That includes firms needing Australian Market Licences or Clearing and Settlement facility licences.
The broadened scope also covers digital asset companies operating under authorized representative arrangements with existing AFS licence holders.
