Transak Expands to Australia - Gets Approved as a Digital Currency Exchange

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.

A Significant Step Towards Expanding Crypto Access in Australia

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.

Transak’s Global Regulatory Commitment

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.

Building Trust and Market Access in Australia

Securing AUSTRAC registration strengthens Transak’s market position by:

• Enhancing Credibility and Trust: This approval underscores Transak’s dedication to adhering to Australia’s strict regulatory framework, fostering trust among partners, institutional clients, and retail customers.
• Expanding Market Access: As a regulated entity, Transak can now serve a broader audience, including businesses and consumers who prioritize compliance and security.
• Gaining a Competitive Edge: This registration differentiates Transak from unregulated competitors, positioning it as a premier provider in the Australian crypto space.
• Driving Growth and Adoption: With a compliant and frictionless fiat-to-crypto gateway, Transak anticipates increased transaction volumes and accelerated market penetration in Australia, a global hub for fintech innovation.
• Ensuring Long-Term Stability: This regulatory milestone lays a strong foundation for Transak’s sustained growth and operations in Australia, contributing to the broader adoption of digital assets.

Aligning with Australia’s Evolving Crypto Landscape

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.”

Empowering Australians with a Compliant Crypto Gateway

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:

• Enhancing Accessibility: A streamlined fiat-to-crypto gateway lowers entry barriers for Australians looking to invest in digital assets.
• Ensuring Regulatory Compliance: Adherence to AUSTRAC’s AML and CTF requirements creates a secure transaction environment.
• Boosting Consumer Confidence: Regulatory approval reassures users of Transak’s legitimacy and security, fostering wider adoption.

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.

Looking Ahead: Shaping the Future of Crypto in Australia

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.

About Transak

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.