Toobit Announces AUSTRAC Registration, Strengthening Security and Service for Australian Cryptocurrency Traders

Toobit is a very well-known and award-winning cryptocurrency exchange, which recently announced its successful registration with the Australian Transaction Reporting and Analysis Centre, aka AUSTRAC, as a digital currency exchange. This is fully compliant with the National Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

What this means for Australian traders

The news is significant for Australia’s growing trading community. It confirms that Toobit offers additional immediate practical benefits as well as improved reliability of its services, which include, but are not limited to:

• Reliable Banking Connectivity and On-Ramps for AUD: As an AUSTRAC-registered exchange, Toobit provides a well-recognized on-ramp for local financial institutions, reducing the likelihood of delayed banking transactions or blocked transfers involving AUD.
• Better Fraud Prevention: To meet the strict requirements of AML/CFTC, Toobit maintains very high-level KYC and transaction monitoring protocols.
• Travel Compliance: Toobit’s registered status also allows traders to move assets between different wallets and other global exchanges without having to worry about compliance freezes that are often associated with unregistered entities.

Mike Williams, communications director at Toobit, said:

“Securing our AUSTRAC registration is a crucial step in our mission to provide a transparent and professional trading environment for Australians. (…) Meeting these rigorous standards allows us to build a foundation of trust so that our traders can navigate the global markets with uncompromising security and greater transparency.”

Build on existing best practices

This latest registration with AUSTRAC simply builds on Toobit’s successful acquisition of the Polish VASP license, obtained in anticipation of the European Market for Crypto-Assets (MiCA) framework. The cryptocurrency exchange ensures a regulated experience, defined by comprehensive security protocols and full alignment with the country’s evolving regulatory landscape by applying these very high-level European standards to its operations in Australia.

The country’s digital assets sector enters 2026 with unprecedented momentum. Industry forecasts predict local market revenues will reach AUD1.2 billion this year, driven by an annual growth rate of almost 20%.

With global crypto adoption now exceeding 21% of internet-connected adults, 2026 marks a shift toward regulated entities. Australian merchants are increasingly prioritizing registered providers who offer verified fraud protection and adhere to the latest national travel rules standards.

For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

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