News awarded license to issue debit cards in Australia awarded license to issue debit cards in Australia
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Photo by David Clode on Unsplash announced today that it was successfully granted a license by the Australian Financial Service License (AFSL), which now allows it to extend its card network down under. rolls out in Australia

As per a release, the AFSL was secured via the acquisition of The Card Group Pty Ltd, which was approved by Australiaโ€™s Foreign Investment Review Board. Terms of the acquisition have not been disclosed.

โ€œWe are extremely proud to secure an AFSL and look forward to having a direct relationship with our Australian customers,โ€ said Kris Marszalek, co-founder and CEO of operates all over the world and serves over 5 million customers each day. The brand started out as Monaco in 2016 but has since been branded to its current avatar in 2018.

The AFSL is part of Crypto.comโ€™s long-standing commitment to being licensed and working within the local regulatory frameworks in markets throughout the world. In addition, the development comes on the heels of Crypto.comโ€™s recent announcements supporting AUD transfers in and out of the platform via BPAY and NPP.

The Card is already the most globally available card of its kind. Having an AFSL paves the way for to begin local issuance of the Card in Australia.

Further moves

Moving ahead, looks forward to working with local network schemes to speed the development of new features and functionality of products and services available to Australian customers.

Marszalek said in this regard:ย 

โ€œWe are committed to accelerating the worldโ€™s transition to cryptocurrency; working within the regulatory frameworks of the markets we operate in is a key pillar of achieving our mission.โ€

The rollout is one of the many developments for in the past few months, with the recent one being its DeFi Wallet that brought about security, ease of accessibility, and a range of staking options to clients.

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