Registration as a Digital Currency Exchange Provider - Australian Government

Description

You will need to register if your business exchanges digital currency with money, or money with digital currency. Digital currency is a digital representation of value which functions as a medium of exchange and is not issued under the authority of any government body.

By registering as a digital currency provider, you will be registered on the Digital Currency Exchange Register which is maintained by AUSTRAC. There are compliance obligations such as suspicious matter reporting, threshold transaction reporting, adopting an AML / CTF program that reflects your business risks, operations and record keeping.

It is an offence to provide digital currency exchange services while unregistered.

Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible, you must:

  • obtain a national police certificate or national police check before submitting your application
  • complete and submit an AUSTRAC business profile form (ABPF)
  • submit details regarding the nature, legal form, status and structure of your business
  • submit information regarding if you or any of your key personnel have been charged, prosecuted or convicted in relation to money laundering, terrorism, fraud and other serious offences or have been subject to any civil or criminal proceedings
  • pay any relevant fees.

Please consult the Contact Officer for more information regarding eligibility requirements.

Duration

Must renew every 3 years.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Please consult the Contact Officer for information on fees to be submitted.

Forms

Act(s) name

Anti-Money Laundering and Counter-Terrorism Financing Act 2006 Australian Government

Regulation(s) name

Anti-Money Laundering and Counter Terrorism Financing Regulations 2008 Australian Government

Administering agency

Australian Transaction Reports and Analysis Centre

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Please use these contact details for help or more information:

AUSTRAC Call Centre

Australian Transaction Reports and Analysis Centre

Mailing address: PO BOX 5516
West Chatswood, New South Wales 1515
Phone: 1300 021 037
Fax: 03 8636 0508
Email: contact@austrac.gov.au
Website: Australian Transaction Reports and Analysis Centre (Opens in new window)