World · Regulation · Australia ·
Australia warns unlicensed crypto firms of fines up to 10% of turnover
Australia's financial regulator ASIC has issued warnings to unlicensed crypto firms of penalties up to 10% of annual turnover as temporary enforcement relief expires September 30. ASIC has recorded more than 45 digital asset license applications pending review.
Why it matters for the crypto market
This signals tightening compliance requirements for crypto operators in Australia and creates a regulatory deadline for firms to obtain proper licensing or face significant penalties.
Source: cointelegraph.com
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