Australia
Cointelegraph Japan
Australia Gives Unregistered Crypto Firms a Final Warning, with Fines of up to 10% of Annual Revenue at Stake
- ASIC set a September 30 deadline for crypto firms using interim relief to submit applications for a financial services licence.
- Companies that fail to comply may be exposed to civil and criminal enforcement action.
- The proposed penalties could reach as high as 10% of annual revenue, increasing pressure on unregistered operators.