The post Transak Officially Receives its Digital Currency Exchange (DCE) Registration in Australia appeared on BitcoinEthereumNews.com.

This enables Transak to function as a digital currency exchange that is fully compliant, thereby guaranteeing robust consumer protections and compliance. The objective of Transak has always been to ensure that it complies with all applicable regulations. With the official receipt of its Digital Currency Exchange (DCE) registration from the Australian Transaction Reports and Analysis Centre (AUSTRAC), Transak, a global leader in solutions that convert fiat currency to cryptocurrency, has officially received its registration. As a result of this significant achievement, Transak has strengthened its commitment to adhering to the most stringent regulatory standards, thereby solidifying its position as a reliable and compliant fiat-to-crypto provider in Australia. A Significant Step Towards Expanding Crypto Access in Australia Other jurisdictions recognize the DCE registration as being equal to a Virtual Asset Service Provider (VASP) license. This is because the DCE registration is a critical authorization under AUSTRAC. This enables Transak to function as a digital currency exchange that is fully compliant, thereby guaranteeing robust consumer protections and compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) compliance regulations. Transak’s objective is to offer a safe and easy on-ramp from fiat money to cryptocurrency, and the DCE designation is especially targeted to digital currency enterprises. This is in contrast to other AUSTRAC registrations, which are not geared to digital currency firms. The need for cryptocurrency solutions that are both regulated and safe is expected to continue to increase as the number of people in Australia who engage with digital assets approaches one third. However, many prospective investors continue to be apprehensive because of worries over the protection of consumers and the clarity of legal requirements. These concerns are directly addressed by Transak’s AUSTRAC registration, which makes it possible for Australians to purchase digital assets with confidence and with reduced difficulty. A Commitment to Global Regulatory Compliance by…

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Filed under: News - @ March 7, 2025 4:30 am