MoonPay Secures Key Registration for Australian Crypto Market
MoonPay, a top crypto payments platform, has just secured registration with AUSTRAC, Australia's financial intelligence agency. This is a major step forward!
With AUSTRAC registration, MoonPay can now offer crypto exchange services across Australia, including local payment options like Osko and PayID.
This registration supports MoonPay's global expansion as Australia shows growing interest in digital assets, with one in five adults owning crypto.
MoonPay's registration aligns with Australia's crypto market growth. The country recently launched its first Bitcoin ETF, signaling increased digital asset interest.
Under AUSTRAC registration, MoonPay must follow anti-money laundering and counter-terrorism financing laws, including KYC protocols and reporting requirements.
MoonPay's AUSTRAC registration is a key regulatory step but not a full license. It represents MoonPay’s commitment to navigating the evolving Australian crypto landscape.
MoonPay is also registered in the U.K., Ireland, Italy, Canada, and 44 U.S. states. Co-founder Ivan Soto-Wright highlights the platform's focus on global regulatory compliance.
