Australian regulator extends licensing relief for crypto businesses

The Australian Securities and Investments Commission (ASIC) has announced a three-month extension of its transitional relief period for digital asset operators, moving the deadline to obtain a license from June 30 to Sept. 30. This measure applies to businesses applying for an Australian Financial Services (AFS) license and for authorizations related to market and clearing and settlement facilities. ASIC also clarified that the relief extends to digital asset businesses operating as authorized representatives or through intermediary arrangements with licensed entities.