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Australia Warns Crypto Firms Needing Licences to Act by Sept. 30 or Risk 10% Turnover Fines

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Australia Warns Crypto Firms Needing Licences to Act by Sept. 30 or Risk 10% Turnover Fines

Australia’s temporary enforcement relief for certain digital asset businesses is set to expire after Sept. 30, leaving firms that require regulatory authorization at risk of civil and criminal penalties, including fines of up to 10% of annual turnover, if they fail to meet the conditions for continued protection.

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