[Australian Securities and Investments Commission Requires Crypto Companies to Apply for Licenses, Late Applications Face Penalties] According to Cointelegraph, the Australian Securities and Investments Commission (ASIC) has mandated that crypto companies relying on temporary regulatory exemptions must apply for an Australian Financial Services License or modify their existing licenses by September 30. Starting October 1, businesses that fail to meet the conditions of ASIC's no-action position and still require authorization will face civil or criminal penalties, with fines reaching up to 10% of annual turnover. Since updating the relevant guidelines in October 2025, ASIC has received over 45 license applications related to digital assets.