MoonPay earns Australian registration

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

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.