New Austrac Register gives confidence to the sector
We are excited to announce that Cointree will be amongst the first organisations to be included in the Australian Government's Austrac 'Digital Currency Exchange Register'.
As of 3rd April 2018, all Australian exchanges are required to register with Austrac and meet their obligations. We see this as an important step toward building real confidence with the general public and investors that the cryptocurrency industry is not only safe, but is supported as the way of the future.
For new and existing customers, there will be no impact. Cointree has always been proactive with its policies and practices. We are happy to say that we already meet a majority of the new requirements. For those requirements that aren't quite completely met yet, the changes required are internal only and will not affect any customers.
The Cointree team