What happened
The Australian Securities and Investments Commission's temporary no-action position under Information Sheet 225 expired on September 30, 2026. Digital asset firms dealing in tokens classified as financial products must now hold an Australian Financial Services Licence. Looking ahead, the Corporations Amendment (Digital Assets Framework) Act 2026 will mandate licensing for all digital asset platforms starting April 9, 2027.
Why it matters here
The end of ASIC's forbearance means unlicensed platforms offering financial digital assets face enforcement action. Concurrently, AFSL requirements trigger mandatory membership in the Australian Financial Complaints Authority, providing retail investors with external dispute resolution. However, businesses face multi-track compliance burdens across ASIC licensing and expanded AUSTRAC anti-money laundering regulations.
What to watch
Check whether local digital asset platforms maintain valid financial services licences or AFCA membership ahead of full framework implementation in April 2027.
Source
trmlabs.com