Toobit announces AUSTRAC registration, strengthening security and service for Australian crypto traders

Toobit is a very well-known and award-winning cryptocurrency exchange, which recently announced its successful registration with the Australian Transaction Reports and Analysis Center, also known as AUSTRAC, as a digital currency exchange. This is fully compliant with the Anti-Money Laundering and Counter-Terrorism Financing Act of 2006.

What this means for Australian traders

The news is important for Australia’s growing stock market community. It confirms that Toobit offers additional direct practical benefits as well as improved reliability of its services, including but not limited to:

• Reliable banking connectivity and on-ramps for AUD: As an AUSTRAC registered exchange, Toobit provides a widely recognized on-ramp for local financial institutions, reducing the chance of delays in banking transactions or blocks on transfers involving AUD.
• Better fraud prevention: To meet the strict requirements of the AML/CFTC Act, Toobit uses very high-quality KYC and transaction monitoring protocols.
• Travel Compliance: Toobit’s registered status allows traders to move assets between different wallets and other global exchanges without having to worry about compliance freezes often associated with unregistered entities.

Mike Williams, Chief Communication Officer at Toobit, spoke about the issue and said:

“Securing our AUSTRAC registration is a critical step in our mission to provide a transparent and professional trading environment for Australians. […] By meeting these rigorous standards, we can build a foundation of trust so that our traders can navigate global markets with uncompromised security and greater transparency.”

Building on existing best practices

This latest registration with AUSTRAC simply builds on Toobit’s successful Polish VASP license acquisition, which was obtained in anticipation of the EU Crypto Asset Market Framework (MiCA). The cryptocurrency exchange ensures a regulated experience, defined by comprehensive security protocols and full alignment with the country’s evolving regulatory landscape by applying these very high-level European standards to its operations in Australia.

The country’s digital asset sector enters 2026 with unprecedented momentum. According to industry forecasts, sales in the local market will reach AUD 1.2 billion this year, driven by an annual growth rate of almost 20%.

With global cryptocurrency adoption now exceeding 21% of internet-connected adults, 2026 marks a shift towards regulated entities. Australian merchants are increasingly prioritizing registered providers that offer verified fraud protection and adhere to the latest national Travel Rule standards.

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