The Australian Securities and Investments Commission (ASIC) has extended its no-action relief for cryptocurrency businesses until September 30. This move allows digital asset companies more time to secure licenses under Australia's evolving regulatory framework.
No-action relief is a temporary measure that lets authorities refrain from taking enforcement action against certain businesses. It does not exempt companies from future compliance responsibilities and only provides additional time to adapt to changing legal requirements.
The extension is intended to reduce operational disruption while supporting an orderly implementation of Australia's crypto regulatory framework. Digital asset firms can use this transition period to complete licensing applications, which involve demonstrating appropriate operational standards, customer protection measures, financial controls, and governance procedures.