Perth based crypto start up D Coin has been registered to provide Digital Currency Exchange services by AUSTRAC, pursuant to subsection 76E(2) of the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017 (AML/CTF Act Amendment Act 2017)
Commenting on the state of regulation in Australia D Coin Co-Founder & General Manager Michael Whitehorn said “Our industry is working closely with regulators to ensure we are advocating and providing input to help define legislation, thus making it appropriate and fit for purpose when it arrives. Through our membership of the Australian Digital Commerce Association (www.adca.asn.au) this type of engagement also extends to banking and other commercial and compliance related relationships. The overall goal here being to fully legitimise the cryptocurrency industry enabling further adoption and importantly protection to all participants”
About D Coin
D Coin is a unique vertically integrated digital currency business, owned and operated in Australia offering a digital asset investment fund open to retail, wholesale and commercial investors.
The fund operates in the digital asset realm combining multiple proprietary activities across technology, financial markets and cryptocurrency, fully immersing our investors into the fastest asset growth class available.