Building a from scratch for the Australian market involves several non-trivial components.

AUSTRAC registration: You’ll need to register as a Digital Currency Exchange (DCE) with AUSTRAC. It requires demonstrating robust AML/CTF programs, appointing a compliance officer, implementing transaction monitoring systems, and maintaining ongoing reporting obligations. The process can take months and requires legal counsel familiar with Australian financial regulations.

KYC infrastructure: You’ll need identity verification that meets AUSTRAC standards. This means integrating document verification, liveness checks, sanctions screening, and ongoing monitoring. Building this in-house means procuring identity verification APIs, managing data storage…