Transak Secures Austrac Registration, Expanding Crypto Access in Australia

Key takeaways:

• Transak has been officially registered as a Digital Currency Exchange (DCE) with AUSTRAC, ensuring compliance with Australia’s financial regulations.
• The registration enables Transak to provide a secure and regulated fiat-to-crypto gateway, addressing concerns over consumer protection.
• This milestone aligns with Transak’s broader global compliance strategy, reinforcing its role as a trusted player in the digital asset industry.

Strengthening crypto access with AUSTRAC registration

Transak, a global provider of fiat-to-crypto solutions, has secured Digital Currency Exchange (DCE) registration from the Australian Transaction Reports and Analysis Centre (AUSTRAC). This approval allows Transak to operate as a fully regulated digital currency exchange in Australia, ensuring compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) requirements.

G'day Australia! 🦘

Transak is now approved as a Digital Currency Exchange in Australia! 🇦🇺

Read more on @DecryptMedia - https://t.co/vG2IudzjRw pic.twitter.com/YMAg8kNch0

— Transak (@Transak) March 6, 2025

Unlike other AUSTRAC registrations, the DCE designation is specifically tailored to digital currency businesses. With nearly one in three Australian adults engaging with digital assets, regulatory clarity remains a key factor in adoption. By securing this registration, Transak aims to provide Australians with a safer and more transparent way to access cryptocurrencies.

"Receiving AUSTRAC’s Digital Currency Exchange registration is a significant achievement for Transak. This approval validates our dedication to compliance, security, and consumer protection. Australia is a key market for us, and we look forward to working closely with regulators to support the country’s rapidly growing digital asset ecosystem."
—James Young, Head of Compliance at Transak

Expanding market access and regulatory commitment

Transak’s global compliance strategy has been a cornerstone of its expansion. The company holds licenses and registrations in key jurisdictions, including the UK, US, EU, Canada, and India. The addition of Australia to this list reinforces Transak’s commitment to regulatory compliance and consumer protection.

This latest approval positions Transak to:

• Enhance credibility and trust by adhering to Australia’s regulatory framework.
• Expand market reach to serve a broader audience, including institutional clients and retail investors.
• Gain a competitive edge over unregulated crypto providers.
• Drive adoption through a compliant and frictionless fiat-to-crypto on-ramp.

Australia has one of the highest cryptocurrency adoption rates globally, particularly among younger investors. A 2023 survey found that 57% of crypto holders in the country were aged 25–44, with Gen Z ownership surging to 32% in 2024. However, regulatory concerns remain a barrier, with 46% of Australians citing unclear regulations as a key reason for hesitancy.

Transak’s AUSTRAC registration directly addresses these concerns by ensuring a compliant and secure environment for crypto transactions. The company’s fiat-to-crypto gateway simplifies the process for both individuals and businesses looking to engage with digital assets.

The bottom line

With AUSTRAC registration in place, Transak is poised to accelerate crypto adoption in Australia by providing a regulated and user-friendly fiat-to-crypto gateway. The company’s focus on compliance-driven growth positions it as a reliable partner for fintech platforms, institutional investors, and retail users navigating the evolving digital asset landscape.

As regulatory frameworks continue to evolve, Transak remains committed to collaborating with policymakers and industry leaders to shape a secure and transparent crypto ecosystem in Australia.

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