Valentina
Sat Jun 08 2024
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7 answers
1437
Can you use Binance in Australia?｜Yes, Binance is legal in Australia. The company is based internationally, but operates an Australian arm under InvestByBit Pty Ltd (ABN 98 621 652 579). The company which is registered with AUSTRAC, which detects and prevents fraud, but that does not mean the exchange, or any other exchange in Australia, is regulated.
Can you clarify for me if Binance is accessible and permissible for use in Australia? It's my understanding that Binance, while having an international presence, maintains an Australian operation through InvestByBit Pty Ltd. However, I'm also aware that this company is registered with AUSTRAC, the organization responsible for detecting and preventing fraud. But does this registration actually signify that Binance, or any other exchange in Australia, is subject to strict regulation?
GeishaWhisper
Fri Jun 07 2024
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5 answers
1173
Is Coinbase legal in Australia?｜Coinbase Australia is registered and enrolled with the Australian Transaction Reports and Analysis Center ( AUSTRAC ) to provide digital currency exchange services in accordance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) ( AML /CTF Act ).
Could you please elaborate on the legality of Coinbase in Australia? I understand that Coinbase Australia is registered with the Australian Transaction Reports and Analysis Centre, known as AUSTRAC. But I'm curious about how this registration ensures compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act of 2006, commonly referred to as the AML/CTF Act. Could you explain how this registration affects the legality of Coinbase's operations in Australia?
