How to apply for Australia by an exchangeAUSTRAClicense plate

With the increasing number of virtual currency transactions, there is a global call to strengthen the regulation of virtual currencies. Australia has many advantages such as a fast operational qualification process, a matching financial system with Europe and America, and a government development attitude.

Australia is a leading core financial market globally, and obtaining a regulatory license from Australia can greatly enhance the platform's strength and customer confidence. It is a standard license for digital currency trading institutions.2018year4In January, the Federal Parliament passed《2018 Anti Money Laundering and Counterterrorism Financing Amendment Act of(AML/CTF Amendment)Amendments have been made to Australia's anti money laundering and counter-terrorism financing laws. So the digital currency exchange operated in Australia will now be subject to Australian financial regulatory authoritiesAUSTRACAnd will be subject to supervision of money laundering and terrorist financing activities. New laws in Australia empower AustraliaAUSTRACSupervise the trading of various cryptocurrencies on digital currency exchanges, including Bitcoin, Ethereum, andRippleAnd so on).

AUSTRAC It is the financial regulatory agency in Australia responsible for preventing and detecting money laundering and terrorist financing, and the passage of new laws,AUSTRACFurther increase in power.

Obtaining AustraliaAUSTRACWhat are the requirements for a license plate?

Registering an Australian company requires the following conditions:

1Three names of Australian companies to be registered (in English), two of which are alternative, with the namesPTY LTDorPTY LIMITEDEnd;

2The registered address, contact phone number, fax number, and email address of the company in Australia. If the address belongs to a rental, the name of the lessee needs to be provided to confirm that the lessee agrees to use this address as the company's registered address;

3The nature and direction of the company's proposed business in Australia;

4An Australian company must have one person who is an Australian resident (registered) and provide personal information: current residential address, contact information including contact phone number and email address.

5Australian company directors, shareholders, without nationality restrictions, shareholder directors can be the same person. Personal information is required: current address, contact information including phone number and email address;

6Person in charge of company registrationDirectorPersonal information (current address, contact information including phone number and email address);

7The detailed distribution of shares among directors or shareholders of an Australian company, with the default number of shares being100Share price based on each share1Australian currency settings.

Work done by the agency:

1Assist clients in obtaining a director's clean criminal record;

2Write a business plan and operational plan for digital currency traders;

3Prepare and write application materials;

4Write anti money laundering regulations and anti terrorist organization financing regulations, as well as daily operational plans for the regulations;

5To AustraliaAUSTRACandASICSubmit an application for a license;

6During the application process, responsible for answering questions fromAUSTRACandASICQuestions raised.

7IfAUSTRACandASICWe need to provide other copies or relevant explanations, and we will be responsible for writing and submitting them, such asProduct Disclosure Statement。

The processing time is average2About months.

AustraliaAUSTRACThat's all for a brief introduction of the license plate. If you want to learn more, please follow me - Xiaochun