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Ripple targets April for Australian financial license via acquisition
🤖AI Summary
Ripple is targeting April to obtain an Australian Financial Services License through acquisition, according to APAC managing director Fiona Murray. The move is driven by sufficient institutional interest in Australia to justify the licensing costs.
Key Takeaways
- →Ripple plans to acquire an Australian Financial Services License by April 2024
- →The acquisition approach suggests urgency to enter the Australian market quickly
- →APAC managing director Fiona Murray confirms sufficient institutional demand in Australia
- →The licensing costs are deemed worthwhile given the market opportunity
- →This represents Ripple's expansion strategy into regulated Asia-Pacific markets
Read Original →via CoinTelegraph
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