Gemini Expands Australia Push as New Crypto Rules Loom
Crypto exchange Gemini announced on Wednesday that it is bolstering its services in the island nation after securing formal registration with the country’s anti-money laundering regulator, as new rules governing crypto exchanges are set to take effect.
Gemini’s local entity, Gemini Intergalactic Australia, Pty Ltd, is now registered with AUSTRAC, Australia’s financial intelligence and anti-money laundering regulator, which requires registration before offering crypto exchange services.
Prior to this, users in Australia were able to access the Gemini platform on a self-directed basis under its global entity, Decrypt was told.
The Australian government introduced a draft law last month, seeking to extend financial…
