Secures Registration to Operate in Australia in 2024 Secures Registration to Operate in Australia in 2024

by January 8, 2024

Blockchain-enabled financial services platform has recently announced its expansion into the Australia market, slated for 2024. This announcement follows the company’s Australian division successfully securing a Digital Currency Exchange registration from the Australian Transaction Reports and Analysis Centre (AUSTRAC), a prerequisite for providing cryptocurrency exchange services in Australia.

This strategic move marks a significant step in‘s commitment to extending its international footprint and enhancing the availability of regulated and compliant digital asset services. Wei Zhou, CEO of, commented,

Wei Zhou

Wei Zhou

“ is primed for global expansion. Our journey began nearly a decade ago in the Philippines, and since then, we’ve onboarded 18 million customers and expanded our services in both the digital asset exchange business and in e-wallet services.”

He further added,

“Our team has top-tier talents with global experience in this industry. We’re thrilled to bring these capabilities to new markets.”

The decision to expand into Australia is a noteworthy milestone in global expansion strategy, as Australia represents a key growth market for the company. The interest in cryptocurrencies in Australia is substantial, with a 2021 report by Independent Reserve indicating that 28.8% of Australians had owned or have owned cryptocurrency, a significant increase from 18.4% in the previous year.


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