Swyftx obtains Australian financial license to enter payments market

Australian exchange Swyftx has obtained an Australian Financial Services Licence (AFSL) from local financial authorities, signaling its entry into the cryptocurrency payments business, Cointelegraph reported. The license permits the company to offer crypto derivatives to retail investors and provide non-cash payment services, but it does not include the authority to handle spot cryptocurrencies. Swyftx also plans to expand its international presence beyond New Zealand and the United States.