Alchemy Pay has successfully registered as a Digital Currency Exchange Provider with AUSTRAC. This enables secure fiat-to-crypto exchange services in Australia.
AUSTRAC Registration
Alchemy Pay was officially registered with AUSTRAC as of January 27, allowing the company to offer fiat-to-crypto exchange services in Australia. This registration expands Alchemy Pay's capabilities and strengthens its position in the region.
Benefits for Alchemy Pay in Australia
AUSTRAC registration ensures that Alchemy Pay complies with Australian regulatory standards, including anti-money laundering and counter-terrorism financing measures. This bolsters trust among users and partners, also expanding the company's market presence in Australia.
Alchemy Pay's Global Strategy
Alchemy Pay's strategy is to secure 20 regulatory licenses globally. The company is already registered in Canada and has obtained licenses in several US states. Alchemy Pay is also pursuing licensing in key markets such as Hong Kong, South Korea, Singapore, and Europe.
The AUSTRAC registration is a significant step for Alchemy Pay, opening new opportunities in the Australian market and underscoring the company's commitment to global expansion.
