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MoonPay gets Australian registration

MoonPay is pleased to announce that MoonPay is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to provide digital currency exchange services in Australia.

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This will help MoonPay establish local payment processing relationships across the country and consequently enable Australian payment methods. As a result, MoonPay may enable its users in Australia to use alternative payment methods such as Osko and PayID.

Crypto asset adoption continues to grow in Australia. A recent report revealed that one in five Australian adults currently or previously owned crypto assets, and the country launched its first Bitcoin ETF in June.

As a registered company, MoonPay will comply with Australia’s AML/CTF Act, the main piece of government legislation that regulates AUSTRAC’s functions. This includes MoonPay’s adherence to reporting, KYC, and record-keeping requirements.

“MoonPay continues to advocate for simple and compliant exchange of crypto assets around the world,” said MoonPay co-founder and CEO, Ivan Soto-Wright. “We’re thrilled to bring our services directly to Australian users, and we will continue engaging with regulatory bodies globally to encourage innovation while prioritizing compliance and consumer safety.”

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To date, MoonPay has received registrations in the U.K., Ireland, Italy, Canada, and Australia, alongside 44 Money Transmitter Licenses to operate across the U.S.

**MoonPay’s registration is not a license or endorsement by AUSTRAC. 

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