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BTC Markets becomes first Australian crypto firm to get a financial services license

Coin Telegraph LogoCoin Telegraph1 mo ago

BTC Markets becomes first Australian crypto firm to get a financial services license

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While the license isn’t currently needed for crypto companies in Australia, BTC Markets says it is preparing the exchange for upcoming regulations, which may help it gain other complementary certifications.

It marks the end of an almost two-year wait for the firm for the AFS license, which was registered in August 2020.

BTC Markets has established itself as a key player in the Australian crypto industry with $US4.7 million in daily volume, according to CoinGecko.


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Article Details

Author / Journalist: Cointelegraph By Jesse Coghlan

Category: Crypto

Topics: Blockchain australia BTCM payments Investment commission Australian crypto exchange Aus crypto industry BTC Markets ASIC Afs license Crypto financial products Financial license Swyftx

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-21, 07:01:07

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 2 minutes read

Article Length: 345 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 1585

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 24 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 10h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #11

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