ASIC Sets June 30 Deadline for Digital Asset Firms to Secure Licences

According to ASIC, digital asset firms must determine whether they require a financial services licence and submit applications by June 30, 2026. The deadline marks the end of a temporary no-action position that previously allowed firms to assess regulatory guidance without immediate enforcement.

Firms continuing to operate without required authorisation after the deadline risk breaching financial services laws, with penalties including fines reaching up to 10% of annual turnover. The licensing requirement forms part of a broader Digital Assets Framework Act reform scheduled to take effect in April 2027.