Australian-based cryptocurrency exchange BTC Markets has become the first crypto company in the country to gain a financial services license.
The license was issued by the country’s financial regulator, the Australian Securities and Investments Commission (ASIC), to BTC Markets’ sister company BTCM Payments.
We have an exciting announcement to make:
BTC Markets is the first Australian crypto exchange to successfully go through the full AFSL application process via our sister company, BTCM Payments!
AFSL attained
ISO Certified
SOC 2 on the way!#crypto #bitcoin #finance
— BTC Markets (@BTCMarkets) June 21, 2022
An Australian Financial Services (AFS) license allows the holder to give advice, deal in and create a market for a financial product. It also permits the provision of custodial or depository services, among other perks.
While crypto and digital asset companies don’t require an AFS to provide services due to the lack of regulation in the country, BTC Markets says the move allows...
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