Ripple to Acquire Australian Financial Services License

Ripple announced on November 11 its plans to obtain an Australian Financial Services License (AFSL). The aim is to further strengthen its regulatory framework in the Asia-Pacific region, providing faster and more efficient international remittance services to financial institutions, fintech companies, and general businesses. The acquisition of BC Payments will facilitate the acquisition of AFSL, enabling Ripple Payments to manage everything from onboarding and compliance to funding, foreign exchange, and liquidity management...