Australia’s Crypto Grace Period Just Ran Out
By Damilola Esebame
AI summary of the source article
Australian crypto firms reached a Sept. 30 deadline to apply for financial services licensing before ASIC's temporary no-action protection expired. Over 45 firms entered the licensing queue, while unapplied businesses face civil and criminal penalties starting Oct. 1. The cutoff serves as an interim step ahead of Australia's dedicated digital assets framework taking effect in April 2027.