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Ripple has announced plans to secure an Australian financial services license by acquiring a local payments firm in the country.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n Ripple said<\/a> it will obtain the AFSL license through the acquisition of BC Payments Australia Pty Ltd, a payments company linked to the European Banking Circle Group. A deal is still underway and is expected to close on April 1 after the standard closing process is finalized.<\/p>\n \u201cAustralia is a key market for Ripple,\u201d Ripple\u2019s APAC Managing Director Fiona Murray said in an accompanying statement, adding that it will help Ripple Payments \u201cmanage the full lifecycle of a transaction, from onboarding and compliance through funding, FX, liquidity management, and final payout, while integrating both traditional banking rails and digital assets.\u201d<\/p>\n Ripple\u2019s decision to pursue the license comes as Australia\u2019s financial regulator has unveiled updated regulations<\/a> for the country\u2019s crypto sector.<\/p>\n Starting June 30, 2026, crypto firms operating in Australia would be required to obtain an Australian Financial Services License before they are allowed to offer certain financial services to local customers.<\/p>\n Over the past years, Ripple has expanded its global regulatory footprint by focusing on securing licenses across key markets around the world.<\/p>\n In 2025 alone, Ripple managed to secure payment licenses in Singapore<\/a>, the UAE<\/a>, and the UK. The company was also granted conditional approval for a national trust banking charter by the U.S. Office of the Comptroller of the Currency alongside a handful of other firms.<\/p>\n Securing these regulatory approvals has helped Ripple strengthen its push for broader institutional adoption of the XRP (XRP<\/a>) ecosystem and its flagship stablecoin RLUSD<\/a>.<\/p>\n\n\n