Zero Hash secures AUSTRAC registration to launch in Australia

Zero Hash secures AUSTRAC registration to launch in Australia

Zero Hash has announced that its Australian subsidiary, Zero Hash Australia, has successfully registered with the Australian Transaction Reports and Analysis Centre (“AUSTRAC”) as a Digital Currency Exchange provider.

AUSTRAC is the Australian government financial intelligence agency with regulatory responsibility for detecting, deterring and disrupting criminal abuse of the financial system to protect the community from serious and organized crime. This registration enables Zero Hash Australia to provide its crypto services to Australian entities that service Australian residents.

Zero Hash enables businesses to embed digital assets within their product offering with low technical lift and no regulatory burden. Zero Hash powers neo-banks, broker-dealers, payment groups, and non-financial consumer brands to offer digital assets. Clients include tastyworks (now owned by IG Capital), Banxa, Wirex, MoneyLion and DraftKings.

“We are pleased to expand our regulatory footprint into Australia, advancing our mission to be the global digital asset infrastructure for every financial institution,” said Edward Woodford, CEO and Founder of Zero Hash Holdings. “This registration not only allows us to power thriving Australian fintechs but also complements our footprint of licensing across the globe including the United States and Canada, that enables our global clients a one-stop solution to a global client base in digital assets.”

Zero Hash’s APAC headquarters is based in Australia. Zero Hash Australia has appointed Claire Wivell Plater as a Non-Executive Director and strategic adviser. Ms. Wivell Plater has been extensively involved with the Australian crypto and fintech eco-systems since 2013. Ms. Wivell Plater was previously Chairperson of The Fold Legal, a boutique law firm, a longstanding ASIC Business Advisory Committee member and is an initial Fellow of Blockchain Australia.

“I look forward to contributing to the expansion of Zero Hash within the APAC region. Australia is a perfect market for Zero Hash, with estimates that about 29% of Australians already own at least one cryptocurrency,” said Ms. Wivell Plater.