ASIC Warns Unlicensed Crypto Firms of Potential 10% Revenue Fines

The Australian Securities and Investments Commission (ASIC) has mandated that crypto firms relying on temporary regulatory exemptions must apply for an Australian Financial Services License or update existing ones by September 30. Starting October 1, companies failing to comply may face civil or criminal penalties, including fines of up to 10% of their annual turnover. ASIC reported receiving over 45 digital asset-related license applications since updating its guidance in October 2025.