ASIC Pushes Enforcement Deadline to September for Crypto Firms

Australia's corporate regulator pushed back the enforcement deadline for digital asset businesses, extending the no-action period to September 30, 2026. The original cutoff was June 30.

The three-month reprieve covers firms processing Australian Financial Services (AFS) license applications and those needing market or clearing and settlement authorizations. ASIC said the extension gives applicants more time to complete their paperwork without facing enforcement action while they wait.

The regulator has pushed to bring crypto platforms under its licensing regime, saying many digital asset products fit within existing financial services definitions. The no-action period was originally set to expire in May, then moved to June, and now September. Each delay has given the industry more time to align.

September 30 is now the hard stop. After that, ASIC said it will treat unlicensed activity as a breach. The extension applies only to businesses that have already submitted or are actively preparing an application. Companies that have not started the process were urged to do so immediately.

ASIC did not signal whether a further extension is possible. The agency said it will monitor application volumes and processing times over the coming months.