MoonPay is now officially registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC), allowing the platform to offer digital currency exchange services across Australia.
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This move enables MoonPay to establish local payment processing and provide alternative methods like Osko and PayID for Australian users.
With crypto adoption on the rise in Australia—one in five adults has owned crypto and the country launched its first Bitcoin ETF this year—MoonPay is well-positioned to expand its services while complying with local regulations, including Australia's AML/CTF Act.
MoonPay CEO Ivan Soto-Wright shared:
“MoonPay continues to advocate for simple and compliant exchange of crypto assets around the world. We’re thrilled to bring our services directly to Australian users, and we will continue engaging with regulatory bodies globally to encourage innovation while prioritizing compliance and consumer safety.”
Ivan Soto-Wright, MoonPay CEO
MoonPay’s registration in Australia adds to its existing registrations in the U.K., Ireland, Italy, Canada, and across the U.S.
For more information, visit www.moonpay.com.
MoonPay Secures Australian Registration for Crypto Exchange Services
blockster.com
12 September 2024 12:55, UTC