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Ripple Seeks Australian License as It Expands Regulatory Footprint
Ripple said it plans to obtain an Australian Financial Services License (AFSL) through the acquisition of local firm BC Payments Australia, extending its regulated payments business in the Asia-Pacific region. If approved, the license would allow Ripple to operate payment services in Australia under the country’s financial regulatory framework. The move adds to a broader set of licenses and registrations Ripple says it has secured in multiple jurisdictions as part of its international payments business. Ripple says the Australian approval would add to licenses it holds in several financial centers. These include an ... (full story)
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