Australia Signals Stricter Enforcement for Unlicensed Crypto Firms

2026-09-04

Australia's financial regulator is intensifying its oversight of the cryptocurrency sector, with unlicensed firms facing substantial penalties. The Australian Securities and Investments Commission (ASIC) has received over 45 license applications as a temporary enforcement moratorium nears its end.

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Australia's financial regulator, ASIC, is increasing oversight of unlicensed cryptocurrency firms, which could face substantial fines. This comes as a temporary enforcement moratorium for the sector is nearing its end.

Key facts

Australia's financial regulator, ASIC, is warning cryptocurrency firms operating without licenses.
Unlicensed firms may face fines equivalent to up to 10% of their annual turnover.
ASIC has received over 45 license applications related to digital assets.
A temporary enforcement relief for the sector is scheduled to expire on September 30.
Increased regulatory scrutiny aims to ensure compliance and consumer protection in the digital asset market.

Source: CoinTelegraph

Reported by VERA Newswire.