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ASIC Extends Crypto Licensing Deadline
Description
ASIC just gave digital asset firms a three-month reprieve, pushing the licensing deadline to September 30th, as Australia ramps up toward a major crypto regulatory overhaul set for April 2027. This extension follows a High Court ruling that solidified ASIC’s view that most crypto products fall under existing financial laws — meaning licenses are mandatory. While firms get more time to comply, ASIC warns that once the new framework launches, many may need updated licenses for digital asset and tokenized custody platforms. The move aims to ease the transition as Australia moves toward a more structured, regulated crypto market.
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