Altcoins News
By Sakamoto Nashi
1 / 15
What the No-Action Period Actually Means. Pretty much what it sounds like. During a no-action period, the regulator holds off on formal…
2 / 15
Pressure Is Still On. Make no mistake — September 30 isn't soft. Firms that aren't meaningfully further along by that…
3 / 15
What Firms Need to Do Before the Deadline. The short answer: a lot. Licensing frameworks for digital asset businesses typically involve…
4 / 15
Australia's financial regulator just bought the country's digital asset industry more time. The enforcement relief period has been extended to September 30, giving crypto…
5 / 15
It's not a small deal. Digital asset companies across Australia had been racing against an earlier cutoff, and many weren't close to ready.
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Pretty much what it sounds like. During a no-action period, the regulator holds off on formal enforcement against businesses that haven't yet secured the required licenses — as…
7 / 15
Australia has been building out a more structured licensing framework for digital asset businesses for a while now.
8 / 15
The extension basically says: we see you struggling, here's a bit more runway, but don't waste it.
9 / 15
That's a meaningful distinction. "Working toward compliance" and "demonstrably closer to compliance" aren't the same thing.
10 / 15
Read also: Poland Arrests 4 Suspects in SIM-Swap Crypto Theft Tied to Merry
11 / 15
And there's broader context here. Across the Asia-Pacific region, regulators have been tightening their grip on crypto businesses at a pace that's accelerated sharply.
12 / 15
The short answer: a lot. Licensing frameworks for digital asset businesses typically involve capital requirements, operational disclosures, anti-money-laundering procedures, and…
13 / 15
There's also a practical timing issue. Regulatory applications take time to process. If a firm waits until mid-September to submit its paperwork, it probably won't have a license…
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Unclear whether ASIC will offer any kind of transitional status for firms with applications pending but not yet approved.
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More context: DOJ Seizes Huione Group Cloud Servers in Crypto Fraud Crackdown
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