Australian crypto firms have been granted additional time to adhere to the new licensing requirements after ASIC’s temporary relief from enforcement has been extended by three months. This period will give Australian crypto entities an additional period to prepare their application forms in accordance with the revised guidance on digital assets until September 30.
The deadline that was set before was June 30, but ASIC said that the extension will allow eligible companies more time to get the licensing done.
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Australian Crypto Licensing Relief Expanded
ASIC confirmed that the temporary no-action relief would apply to businesses applying for an Australian Financial Services (AFS) license. This temporary relief will also be extended to those businesses that may require market or clearing and settlement licenses.
Another amendment made by the regulator is the inclusion of Australian crypto companies that operate under the umbrella of their representatives or those that collaborate with license-holding businesses as intermediaries. As a result, more companies will be able to benefit from the transition period.
Additionally, ASIC stated that it has had around 30 license applications following the release of its new digital asset guidelines in October 2025.
Australian Crypto Firms Face New AFS Rules
The temporary relief was issued after ASIC amended Information Sheet 225 (INFO 225), an information sheet explaining how Australia’s present financial service legislation applies to digital assets.
According to the regulatory body, a large number of digital asset products have fallen under the category of financial products in the country. Therefore, Australian crypto service providers need to obtain an AFS license to offer their services.
ASIC cited the Block Earner High Court decision recently, which stated that the firm’s previous crypto yield generation product was categorized as a financial product in the Corporations Act. This decision is further proof of the stance held by ASIC that current financial legislation covers many digital asset services.
New Digital Asset Framework Starts in 2027
The temporary relief is distinct from the Digital Asset Framework adopted by the Parliament of Australia in April and will come into force in April 2027.
The process starting now, digital assets platforms and custody token providers would be regulated under the Australian financial services licensing regime. It should also be noted that ASIC has stated that even after these regulations are introduced, firms currently licensed under the existing guidelines would still require further clearance.
According to the regulator, most companies that would be seeking authorization from the framework, INFO 225, would require DAP and TCP licenses in addition to their existing licenses for the framework to become operational; the new step in the regulation of Australian cryptocurrency.
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