Australian Securities and Investments Commission Extends Digital Asset Licensing Transition Period to End of September This Year

Odaily Planet Daily News: The Australian Securities and Investments Commission (ASIC) has announced that the "no-action" arrangement for digital asset enterprises under the new licensing framework has been extended to September 30, 2026. During this period, digital asset companies providing financial services may continue to apply for or amend their Australian Financial Services (AFS) licenses. A new operational model is also permitted, where these companies can operate as authorized representatives or through intermediary authorization arrangements of an AFS licensee. The extension also applies to entities required to apply for a market license or a Clearing and Settlement (CS) license. Relevant entities must notify ASIC in writing of their intention to apply and conduct pre-meeting communication. ASIC stated that since the update of INFO 225 guidance in October 2025, it has received approximately 30 license applications from digital asset enterprises.