MoonPay is pleased to announce its registration with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to provide digital currency exchange services in Australia.

This registration will enable MoonPay to establish local payment processing relationships across the country, allowing for the integration of Australian payment methods. As a result, MoonPay users in Australia may be able to utilize alternative payment options such as Osko and PayID.

Crypto asset adoption continues to rise in Australia, with a recent report showing that one in five Australian adults has either currently or previously owned crypto assets. In June, the country launched its first Bitcoin ETF, further highlighting this growth.

As a registered company, MoonPay will comply with Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act, the primary legislation regulating AUSTRAC’s activities. This includes adhering to reporting, KYC (Know Your Customer), and record-keeping requirements.

"MoonPay continues to advocate for simple and compliant exchange of crypto assets around the world," said Ivan Soto-Wright, MoonPay co-founder and CEO. "We’re thrilled to bring our services directly to Australian users, and we will continue engaging with regulatory bodies globally to encourage innovation while prioritizing compliance and consumer safety."

MoonPay has already received registrations in the U.K., Ireland, Italy, Canada, and Australia, along with 44 Money Transmitter Licenses to operate across the U.S.