ASIC Extends Crypto No-Action Relief in Australia Until September 30

The Australian Securities and Investments Commission (ASIC) has extended its temporary no-action relief for cryptocurrency businesses until September 30.

The move gives unlicensed crypto firms more time to secure licenses under Australia's tightened regulatory regime, which will bring crypto platforms and related businesses into the country's formal financial system in April next year.

The extension applies to applicants for an Australian Financial Services license, as well as companies that need authorization for clearing and settlement-related activities.