Crypto.com secures an Australian Financial Service License By Cointelegraph


Crypto.com secures an Australian Financial Service License

Crypto exchange and debit card provider Crypto.com has completed the acquisition of an Australian financial services company in order to secure an Australian Financial Service License, or ASFL.

The acquired firm, named The Card Group Pty Ltd, has been described as specializing in “prepaid card, mobile, and wearable solutions” for enhancing cardholders’ engagement. Crucially, the firm was already approved by Australia’s Foreign Investment Review Board, paving the way for Crypto.com’s ASFL.