🇦🇺 Australia warns unlicensed crypto companies of potential fines
The Australian Securities and Investments Commission (ASIC) has warned companies operating in the digital currency sector about the consequences of failing to comply with the new licensing requirements. Companies that do not meet the licensing deadline may face civil or criminal penalties, including fines of up to 10% of their annual revenue.
━━━━━━━━━━━━━━
📊 Impact: 📈 High
🏷️ REGULATION
#Australia #CryptoRegulation #ASIC #Compliance #FinancialLaw
📰 Source: cointelegraph.com
The Australian Securities and Investments Commission (ASIC) has warned companies operating in the digital currency sector about the consequences of failing to comply with the new licensing requirements. Companies that do not meet the licensing deadline may face civil or criminal penalties, including fines of up to 10% of their annual revenue.
━━━━━━━━━━━━━━
📊 Impact: 📈 High
🏷️ REGULATION
#Australia #CryptoRegulation #ASIC #Compliance #FinancialLaw
📰 Source: cointelegraph.com