Alchemy Pay announced its successful recording as a supplier of exchange of digital currencies with the Australian Center for Reports and Transactions Analysis on January 27.
This regulatory approval allows ALCHEMY PAY (ACH) to provide secure and transparent FIAT-TO-CRYPTO payment services on the Australian market.
With this recording, Alchemy Pay is now authorized to establish local payment facilitator relationships in Australia, thus improving cryptographic exchange services with competitive prices adapted to Australian users. This step strengthens the regional presence of Alchemy Pay, by positioning it alongside other leading players in the industry operating in similar regulatory frameworks.
Alchemy Pay Austrac recording brings several advantages to its operations in Australia. By complying with regulations in the fight against money laundering and the financing of terrorism, the company guarantees that its services meet the legal standards designed to prevent illegal activities.
This step strengthens confidence between users, regulators and industrial partners by demonstrating a commitment to make in the Australian legal framework. This also allows Alchemy Pay to extend its presence on the Australian market, offering users simpler means to exchange between traditional currency and cryptocurrency.
Compliance with these regulatory requirements reduces the risks associated with financial crimes and strengthens the company’s capacity to provide uninterrupted services while sailing in the country’s cryptographic landscape.
For those who do not know it, the Fiat-TO-Crypto services help users convert traditional money, such as the Australian dollar, in digital currencies like Bitcoin (BTC) or Ethereum (ETH).
The global financial regulations of Alchemy Pay
By registering with Austrac, Alchemy Pay acquires the ability to treat these exchanges safely in Australia while respecting the country’s financial rules. This guarantees a safer experience for users and reduces risks for the financial system as a whole.
This achievement aligns with the strategic ambition of Alchemy Pay to obtain 20 regulatory licenses worldwide. The company has already registered as an entreprise of monetary services to Canada in Canada and has extended its presence in North America by obtaining eight licenses of fund transmitter across the United States, including recent approvals at Minnesota, in Oklahoma, Oregon and Wyoming.
Globally, Alchemy Pay is actively looking for licenses on key markets such as Hong Kong, South Korea, Singapore and Europe. This reflects the company’s commitment to promoting a consistent, secure and interconnected cryptographic economy.
