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Coinbase Obtains Financial License in Australia, Plans to Expand into Stock Trading and Payment Services
On April 8, Coinbase announced that it will expand its operations in Australia into the stock trading and payment sectors after obtaining a financial services license. The company stated that it has received the Australian Financial Services License (AFSL) issued by the Australian Securities and Investments Commission (ASIC), which includes retail derivatives authorization, and noted that it is the first cryptocurrency exchange to receive such approval directly from the regulator.