Australian Financial Regulatory Authority: 30 September deadline for encryption companies to apply for a licence

THE AUSTRALIAN FINANCIAL REGULATORY AUTHORITY (AISIC) ISSUED A FINAL WARNING ON 2 SEPTEMBER TO ENCRYPTED BUSINESSES THAT RELIED ON TEMPORARY ENFORCEMENT EXEMPTIONS THAT ELIGIBLE ENTERPRISES MUST APPLY FOR THE REQUIRED LICENCES UNDER THE CURRENT FINANCIAL SERVICES ACT BY 30 SEPTEMBER. ASIC INDICATED THAT AN UNAUTHORIZED ENTERPRISE COULD FACE CIVIL AND CRIMINAL PENALTIES FROM 1 OCTOBER, WITH POTENTIAL FINES OF UP TO 10 PER CENT OF ANNUAL TURNOVER. SINCE THE UPDATE OF THE GUIDANCE IN OCTOBER 2025, ASIC HAS RECORDED MORE THAN 45 APPLICATIONS FOR LICENCES RELATED TO DIGITAL ASSETS。