ASIC Extends Digital Asset License Application Deadline to September 30
نظرة سريعة
- Australia's financial regulator, ASIC, has extended the deadline for digital asset businesses to apply for Australian Financial Services licenses until September 30, 2024.
- This temporary enforcement relief also expands to cover firms operating through authorized representatives, following updated guidance and ahead of a new Digital Asset Framework in 2027.
ملخص مُنشأ بالذكاء الاصطناعي
لماذا يهم
ASIC updated its Information Sheet 225 (INFO 225) guidance in October 2025, clarifying that many digital asset products are financial products under existing law, requiring an AFS license. The High Court’s Block Earner ruling recently reinforced this interpretation.
The Australian Securities and Investments Commission (ASIC) has given digital asset businesses another three months to apply for licenses required under its updated regulatory guidance.
Australia's financial regulator said that the temporary protection from enforcement would remain in place until Sept. 30, pushed from the previous June 30 deadline.
The extension applies to businesses seeking an Australian Financial Services (AFS) license, as well as companies that may require market or clearing and settlement authorizations.
ASIC also expanded the no-action relief to cover digital asset businesses operating through authorized representatives or intermediary arrangements with licensed firms, widening the pool of companies eligible for the transition period.
The regulator said it has received about 30 license applications since updating its digital asset guidance in October 2025.
ASIC previously introduced the no-action position after updating its Information Sheet 225 (INFO 225) guidance to clarify how existing financial services laws apply to digital assets. The guidance states that many digital asset products are financial products under existing law, meaning many providers require an AFS licence.
That approach rests on ASIC’s view that Australia’s definitions of financial products are broad and technology-neutral. The regulator said its interpretation was recently reinforced by the High Court’s Block Earner ruling, which found that the company’s former crypto yield product was a financial product under the Corporations Act.
The temporary relief is separate from Australia’s Digital Asset Framework, which passed Parliament in April and is scheduled to commence on April 9, 2027.
The law will bring digital asset platforms and tokenized custody platforms under Australia’s financial services licensing regime. ASIC has warned that some firms licensed under the current guidance may need additional authorizations once the new framework takes effect.
“Many digital asset firms that apply for a licence based on INFO 225 will also need to add DAP and TCP authorisations to their licence once that regime commences,” ASIC said in a May announcement.
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توقعات الذكاء الاصطناعي — احتمالات وليست حقائق
Digital asset firms will need to add DAP and TCP authorizations to their licenses once the new Digital Asset Framework commences.
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أسئلة مفتوحة
- What specific additional authorizations will be required under the new framework?
- How will the new Digital Asset Framework impact existing AFS licensees?
- What is the outcome of the 30 license applications received by ASIC?
