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