Australia Digital Currency Exchange (DCE) License
Acquiring an Australia DCE license allows businesses to legally offer cryptocurrency-related services under Australia’s regulatory framework. This license is ideal for companies in the crypto industry, including exchanges, wallet services, and other virtual asset activities.
1. Year of Licensing: May 2024
2. Business: Crypto exchange, crypto ATM, brokerage service, custodian wallet service
3. Number of Director(s): 3
4. Number of Shareholder(s): 1
5. Bank Account: 2 bank accounts
6. Activity Status: Clean history, not operational
7. Outstanding Liabilities: No
8. Regulatory Compliance: Fully compliant with Australia regulations
100,000 EURO
- Crypto-to-Fiat Exchange: Selling digital currencies for fiat currency. Example: Customer sells Ethereum and receives AUD.
- Fiat-to-Crypto Exchange: Buying digital currencies using fiat currency (AUD or foreign currencies). Example: Customer buys Bitcoin using Australian dollars.
- Crypto-to-Crypto Exchange: Exchanging one type of cryptocurrency for another. For example, they can swap Bitcoin for USDT or Ethereum.
- Brokerage Services: Acting as an intermediary to arrange or facilitate crypto asset trades between parties. Broker earns commissions or spreads.
- Crypto ATMs (if operated): Providing physical terminals for users to buy or sell crypto using cash or cards.
- Custodian Wallet Services: Offering hosted wallets where private keys are controlled by the platform.
- Intermediary Platforms / Matching Services: Providing platforms that allow clients to trade crypto assets with each other.
- Cost-effective: There is no minimum capital requirement, significantly reducing setup and operational costs while still offering access to a regulated crypto business environment.
- Build Credibility: Operate as a regulated entity to gain trust, attract customers, and secure the interest of investors.
- Versatility of Permitted Activities: DCE license supports a wide spectrum of business models under one license. This gives you the flexibility to diversify services or adapt to emerging opportunities in the digital asset space.
- Enhance Business Value: Your Australia DCE license can increase your business value, paving the way for new partnerships or funding opportunities.
- Australia Office Address: Secure an Australia office address (virtual offices are permitted).
- Corporate Bank Account: A business bank account is necessary for DCE operations in Australia. We offer guidance to help you set up a compliant account, including crypto-friendly banking options.
- AML/KYC Compliance: Establish AML and KYC policies that align with Australia regulations.
- Renewal: A DCE provider is required to renew its registration every three years.
Step 1: Data Collection
Step 2: Submit Deposit
Step 3: Receive Company Documents for Due Diligence
Step 4: Submit Remaining Payment
Step 5: Changing of Company Name
Step 6: Changing of Directors & UBO
1. Documentation Collection & Processing
We gather, review, and organize all necessary paperwork, ensuring a smooth and compliant license transfer process.
2. Local Representation & Personnel Provision
We help source or appoint resident directors and qualified responsible managers, ensuring you meet ASIC’s experience and residency requirements.
3. Bank Account Assistance
If you need, we support you in opening and maintaining the corporate bank account mandated for AFSL holders.
4. Ongoing Maintenance
We provide post-licensing support—monitoring regulatory updates, handling annual filings, and guiding you through license renewals to keep your AFSL in good standing.
Contact us for more details!
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