Australian crypto companies using temporary regulatory relief must apply for a financial services license by September 30 or face penalties, including fines up to 10% of their annual turnover. The Australian Securities and Investments Commission (ASIC), the country’s chief financial regulator, has announced that businesses requiring an Australian Financial Services (AFS) license must submit their applications or seek amendments to existing licenses before the end-of-September deadline. Firms needing market or clearing and settlement licenses are also required to inform ASIC and schedule a pre-application meeting.