Transak receives its Digital Currency Exchange (DCE) license in Australia
Transak, a fiat-to-crypto solutions provider, has received its Digital Currency Exchange (DCE) license from the Australian Transaction Reports and Analysis Centre (AUSTRAC), the chief regulatory body of the country’s crypto landscape, according to the reports shared with Finbold on Thursday, March 6. Similar to a Virtual Asset Service Provider (VASP) license in other regions, the registration enables Transak to offer its services as a fully compliant and transparent digital currency exchange in Australia. 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 Transak’s DCE registration Primarily, the DCE registration ensures that Transak observes all anti-money laundering (AML) and counter-terrorism financing (CTF) regulations in the country. ...