The move ends a grace period for qualifying firms seeking authorization.
CryptoSlate reported that Australia has given qualifying crypto firms until Sept. 30 to apply for required authorization or start winding down operations. From Oct. 1 firms without approval could face enforcement actions. Penalties may include fines reaching 10% of annual turnover or revenue. The report describes this as the end of Australia’s crypto grace period, with compliance now mandatory for continued operation.
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The move ends a grace period for qualifying firms seeking authorization.
CryptoSlate reported that Australia has given qualifying crypto firms until Sept. 30 to apply for required authorization or start winding down operations. From Oct. 1 firms without approval could face enforcement actions. Penalties may include fines reaching 10% of annual turnover or revenue. The report describes this as the end of Australia’s crypto grace period, with compliance now mandatory for continued operation.
CryptoSlate@CryptoSlateAustralia has given qualifying crypto firms until Sept. 30 to apply for the required authorization or begin winding down. From Oct. 1, firms operating without approval could face enforcement, including fines of up to 10% of annual turnover.
CryptoSlate@CryptoSlateAustralia has given qualifying crypto firms until Sept. 30 to apply for the required authorization or begin winding down. From Oct. 1, firms operating without approval could face enforcement, including fines of up to 10% of annual turnover.
