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ETH · 6w awarded license to issue debit cards in Australia 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 Australia’s Foreign Investment Review Board. Terms of the acquisition have not been disclosed. 🇦🇺 completed the acquisition of The Card Group Pty Ltd, securing an Australian Financial Service License. 💳 Preparations are underway to issue Visa Cards in Australia in 2021 Details: — (@cryptocom) December 2, 2020 “We are extremely proud to secure an AFSL and look forward to having a direct relationship with our Australian customers,” 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’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’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:  “We are committed to accelerating the world’s transition to cryptocurrency; working within the regulatory frameworks of the markets we operate in is a k...
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DeFi will eat corporate debt

Corporate debt markets are being built on Ethereum, and it's going to eat traditional finance