Australia warns unlicensed crypto firms of penalties up to 10% turnover
ASIC says crypto firms relying on temporary regulatory relief have until Sept. 30 to apply for a financial services license. Penalties include fines reaching 10% of annual turnover.
Australian crypto companies relying on temporary regulatory relief have until Sept.
30 to apply for a financial services license or risk penalties, including fines reaching 10% of their annual turnover.On Wednesday, the Australian Securities and Investments Commission (ASIC) said businesses requiri…