NewsMV
In focus for Australian crypto watchers: Swyftx has secured a license allowing it to offer payment services, a step that interim co-CEO Andrea Yuen says marks a deliberate move away from the company's current identity.
Yuen was direct, stating the company "won't be a pure crypto spot exchange in future." The next confirmable milestone is a product launch under the new regulatory standing.
The license Payment services and crypto spot trading are regulated separately. By securing the payment services license, Swyftx has cleared the regulatory column a spot exchange alone does not satisfy.
The license confirms the company now holds the permission to build a payments product. It does not describe what that product will be.
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