Australia's Securities and Investments Commission (ASIC) has warned that unlicensed cryptocurrency companies could face fines of up to 10% of their annual turnover. ASIC has received over 45 digital asset-related license applications, and its temporary enforcement relief period is set to expire on September 30.
Australia's Securities and Investments Commission (ASIC) has issued a warning to unlicensed cryptocurrency firms, stating they could face penalties of up to 10% of their annual turnover. The regulator has received more than 45 license applications related to digital assets. ASIC's temporary enforcement relief period for crypto firms will end on September 30, according to Cointelegraph.
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