Miami, USA: Transak, a global leader in fiat-to-crypto solutions, has officially received its Digital Currency Exchange (DCE) registration from the Australian Transaction Reports and Analysis Centre (AUSTRAC). This milestone cements Transak’s position as a trusted and compliant fiat-to-crypto provider in Australia, reinforcing its commitment to the highest regulatory standards.
The DCE registration, a critical authorization under AUSTRAC, is equivalent to a Virtual Asset Service Provider (VASP) license in other jurisdictions. It enables Transak to operate as a fully compliant digital currency exchange, ensuring robust consumer protections and adherence to anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. Unlike other AUSTRAC registrations, the DCE designation is specifically tailored to digital currency businesses, aligning seamlessly with Transak’s mission to provide a secure and seamless fiat-to-crypto on-ramp.
With nearly one in three Australian adults engaging with digital assets, demand for regulated and secure cryptocurrency solutions continues to grow. However, many potential investors remain hesitant due to concerns about consumer protection and regulatory clarity. Transak’s AUSTRAC registration directly addresses these concerns, enabling Australians to purchase digital assets with confidence and ease.
Regulatory compliance has always been at the core of Transak’s mission. The company holds licenses and registrations in major global jurisdictions, including the UK, US, EU, Canada, India, and now Australia. This extensive regulatory footprint underscores Transak’s commitment to working closely with regulators worldwide to provide a secure and compliant fiat-to-crypto on/off-ramp.
Transak’s global compliance strategy ensures that both individual users and businesses can access digital assets with confidence, aligning with evolving regulatory standards. By maintaining a proactive approach to licensing and compliance, Transak continues to serve as a trusted partner for users and enterprises looking to onboard to Web3 for its ever-expanding use cases, from decentralized finance (DeFi) to digital commerce and beyond.
Securing AUSTRAC registration strengthens Transak’s market position by:
AUSTRAC serves as Australia’s financial intelligence agency and AML/CTF regulator, overseeing digital currency exchange providers, money services businesses (MSBs), and financial institutions. By securing DCE registration, Transak not only aligns with Australia’s regulatory framework but also strengthens its position as a reliable and responsible industry player.
“Receiving AUSTRAC’s Digital Currency Exchange registration is a significant achievement for Transak,” said James Young, Head of Compliance at 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.”
Australia has one of the highest cryptocurrency adoption rates globally, with a rising preference for digital assets among younger investors. According to a 2023 survey, 57% of Australian crypto holders were aged 25–44, and Gen Z ownership surged to 32% in 2024. However, regulatory uncertainties remain a barrier, with 46% of Australians citing unclear regulations as a primary reason for hesitancy in purchasing cryptocurrencies.
Transak’s AUSTRAC registration addresses these challenges by:
This milestone also opens opportunities for Transak to serve Australian fintech platforms, institutional clients, and individual users with localized, cost-effective, and efficient payment solutions.
With AUSTRAC registration secured, Transak is poised to accelerate crypto adoption and expand its presence in Australia. The company remains committed to providing innovative crypto-payment solutions that drive mainstream and institutional participation in Web3.
As the digital asset landscape evolves, Transak will continue collaborating with regulators and industry leaders to promote compliance-driven growth, ensuring Australians have access to a secure, transparent, and frictionless crypto ecosystem.
For more information, visit Transak’s website.
Transak is the world's most compliant and largest web3 payments infrastructure provider, serving over 8.3 million users across 160+ countries. It powers 450+ platforms, facilitating the purchase and sale of digital assets with its API-driven fiat-crypto on/off-ramp, NFT checkout, and other solutions that simplify KYC, compliance, payment methods, and customer support.
Headquartered in Miami, US, and incorporated in Delaware, Transak has a tech hub in Bengaluru and offices in London, Milan, Dubai, and Hong Kong.
For more information, visit transak.com or follow us on x.com/transak and linkedin.com/company/transak.