According to Fintech News, Banking Circle, a licensed bank in Luxembourg, has completed the acquisition of Australian Settlements Limited (ASL), an authorized deposit-taking institution (ADI) in Australia. The merged entity aims to provide services to financial institutions in Australia and globally by integrating payment platforms.
In a previous report, Foresight News revealed that the European Union's Markets in Crypto-Assets (MiCA) regulatory framework has currently approved 10 stablecoin issuers, including Banking Circle.
