According to CoinMeta, the deadline for crypto licensing relief in Australia is September 30th. The Australian Securities and Investments Commission (ASIC) stated that businesses that rely on this temporary relief and do not take action within their industry must apply or seek to change their financial services licenses by the end of Wednesday. Since ASIC updated its information guide 225, more than 45 license applications have been recorded. ASIC also noted that businesses that do not meet the conditions for temporary relief may face risks of violating financial services laws, and such violations could result in civil and criminal penalties, with fines up to 10% of their annual turnover.