Swyftx Secures Australian Financial Services Licence With Non-Cash Payment Authorization

According to an announcement on July 7, Australian crypto brokerage Swyftx received an Australian Financial Services Licence from ASIC covering non-cash payment facilities, retail derivatives, and basic deposit products. The licence positions Swyftx to offer payment services to retail and business customers. Swyftx serves over one million clients across Australia, New Zealand, and the United States. The new AFSL comes nine months ahead of Australia's Digital Assets Framework commencement in April 2027, which will require digital asset platforms to hold such a licence.
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