AUSTRAC
KuCoin has received AUSTRAC approval and is rolling out fiat on-ramps for Australian users, enabling local deposits via bank transfers and card payments through partner rails. The move marks a notable step in the exchange's regional compliance and user-access strategy.
AUSTRAC is enhancing oversight and cooperation with Australian crypto ATM providers and law enforcement to ensure compliance and security in the crypto space.
A recent study by AUSTRAC involving 90 active crypto ATM users in Australia found that 85% actively use these machines, highlighting significant engagement and the need for enhanced regulatory compliance. Discover how platforms like Bitlet.app are innovating crypto purchasing with installment plans to enhance accessibility and transparency.
AUSTRAC is ramping up regulations targeting cryptocurrency ATM providers to enhance compliance and security within the Australian crypto market. This move aims to protect users and ensure transparency in transactions across these platforms.
Gemini has officially registered with AUSTRAC, enhancing crypto trading facilities for Australian users through its local entity Gemini Intergalactic Australia Pty Ltd. With a strong commitment to compliance and leadership under James Logan, Gemini aims to grow Australia's vibrant crypto market, currently boasting a 22% adoption rate.