Crypto.com Secures an Australian Financial Service License
Preparations underway to issue cards in Australia.
HONG KONG, 2nd December, 2020 — Crypto.com is proud to announce that it has secured an Australian Financial Service License (AFSL). The AFSL was secured via the acquisition of The Card Group Pty Ltd, which was approved by Australia’s Foreign Investment Review Board. Terms of the acquisition have not been disclosed.
Securing an AFSL is yet another milestone in Crypto.com’s long standing commitment to being licensed and working within the local regulatory frameworks in markets throughout the world. This news comes on the heels of Crypto.com’s recent announcements supporting AUD transfers in and out of the platform via BPAY and NPP.
The Crypto.com Card is already the most globally available card of its kind. Having an AFSL paves the way for Crypto.com to begin local issuance of the Crypto.com Card in Australia. Equally important is Crypto.com’s ability to have a direct relationship with Australian customers and the Australian financial ecosystem. Crypto.com 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.
Kris Marszalek, Co-founder and CEO of Crypto.com said:
“We are extremely proud to secure an AFSL and look forward to having a direct relationship with our Australian customers. We are committed to accelerating the world’s transition to cryptocurrency; working within the regulatory frameworks of the markets we operate in is a key pillar of achieving our mission.”
Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data, and identity. Crypto.com serves over 5 million customers today, providing them with a powerful alternative to traditional financial services through the Crypto.com App, the Crypto.com Visa Card, the Crypto.com Exchange and Crypto.com DeFi Wallet. Crypto.com is built on a solid foundation of security, privacy, and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks. Crypto.com is headquartered in Hong Kong with a 600+ strong team.
Find out more by visiting https://crypto.com