MoonPay, a leading crypto payments platform, has registered with Australia’s financial intelligence agency, AUSTRAC, allowing it to provide crypto exchange services across the country. This registration enables MoonPay to integrate local payment methods, including Osko and PayID, making it easier for Australian users to transact in cryptocurrency.
In a Sept. 12 blog post, MoonPay highlighted that this step will help the company establish payment processing relationships within Australia. With one in five Australian adults either currently or previously owning crypto assets, and the country’s first Bitcoin ETF launched in June, MoonPay sees significant potential in this market.
However, while the AUSTRAC registration is an important milestone, it is not a licence. MoonPay is now required to comply with Australia’s anti-money laundering and counter-terrorism financing laws, which include protocols like know-your-customer (KYC) and record-keeping. Co-founder Ivan Soto-Wright emphasised MoonPay’s commitment to continued engagement with global regulators.
MoonPay holds similar registrations in the U.K., Ireland, Italy, Canada, and 44 U.S. states. Though the AUSTRAC registration is not an official endorsement, it marks a key step for MoonPay as it navigates Australia’s evolving regulatory environment for cryptocurrency.
