Coinzoom Australia said Dec. 3 that it has been officially registered as a digital currency exchange with financial watchdog Austrac. The registration allows the exchange to operate legally according to Australian law. It will also function as a fiat-to-crypto exchange, with support for a variety of digital assets, including the buying and selling of BTC, BCH and XRP.
Austrac, as the Australian Transaction Reports and Analysis Centre is commonly known, is a state-run financial intelligence agency that monitors financial transactions for evidence of money laundering, organized crime, tax evasion, fraud and terrorism. At press time, the regulator had not responded to a request for comment.
So there we have it, another legitimate crypto exchange in Australia. This one is from The Good ol’ USof A. An exchange with offices in all 50 States.
Great to see reliable and experience based companies such as this one entering the Australian Crypto scene. Yet another ‘piece of mind’ when dealing win and in crypto for all Aussies.
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