diff --git a/README.md b/README.md
index a2fffb23c..d9ad55c09 100644
--- a/README.md
+++ b/README.md
@@ -49,8 +49,8 @@ Please read our [forking guide](docs/FORKING.md).
 
 Copyright (c) 2022 - 2024 New Vector Ltd
 
-Licensed under the Apache License, Version 2.0 (the "License"); you may not use this work except in compliance with the License. You may obtain a copy of the License in the [LICENSE](LICENSE) file, or at:
+Licensed under the AGPL-3.0-only (the "License"); you may not use this work except in compliance with the License. You may obtain a copy of the License in the LICENSE file, or at:
 
-[http://www.apache.org/licenses/LICENSE-2.0](http://www.apache.org/licenses/LICENSE-2.0)
+https://www.gnu.org/licenses/agpl-3.0.txt
 
 Unless required by applicable law or agreed to in writing, software distributed under the License is distributed on an "AS IS" BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied. See the License for the specific language governing permissions and limitations under the License.