Australia bitcoin exchange
bitcoin, which was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, open source software is designed and released, and P2P network is built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million.
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for example, the well-known Matcha lbank has applied for Australia austrac license
in April 2018, the Federal Parliament passed the anti money laundering and anti terrorism financing amendment bill 2018 (AML / CTF amendment), which amended Australia's anti money laundering and anti terrorism financing law. So the digital currency exchange, which will operate in Australia since then, will now be supervised by austrac, the Australian financial regulator, and will also be supervised by money laundering and terrorist financing activities. Australia's new law gives austrac the right to regulate the trading of various cryptocurrencies (including bitcoin, Ethereum, ripple, etc.) on digital currency exchanges
the Australian license is a powerful digital license, many of which are registered because of its strength. Moreover, the conventional infrastructure in the Australian financial sector is good, which constitutes the margin proct market
to apply for austrac license, you must own an Australian company to apply for registration
to apply for austrac license in Australia, the information required for applying for austrac license is as follows:
1. Basic information of Australian company, including company tax number
2. Detailed information of shareholders and directors of Australian company (scanned passport, address, etc.)
3. Address of Australian Office
4. Notarization of no criminal record of shareholders and directors of Australian companies
the application time is about 2 months

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in the budget summary for 2017-2018, the government said that as part of the plan to "make it easier for digital currency business to operate in China". This will ensure that the general sales tax (GST) is not charged more than once throughout the supply chain
the conclusion is as follows: "the government will make it easier for the new innovative digital currency business to be carried out in Australia."
The gold content of austrac digital currency exchange license can be seen from the regulatory requirements
austrac is the financial regulatory agency in Australia, which is responsible for the prevention and detection of line washing and fear of walking. Digital currency dealers in Australia must handle austrac and provide all business details. If the company providing digital currency loan transaction does not apply for austrac license, it may be sentenced to two years' imprisonment or aud105000 fine, or both. Australia has many advantages, such as the government's attitude towards development, fast operation process, and a financial system matching Europe and the United States. Therefore, Australia has also become an ideal place for many investors to register, where financial regulatory means are perfect and can be used as the preferred location for blockchain projects
austrac is Australia's financial regulatory agency, responsible for preventing and detecting money laundering and terrorist financing. The federal government enhances the compliance of reporting entities with AML / CTF laws and regulations by expanding the powers and functions of the CEO of Australia Group
after the AML / CTF amendment comes into effect, austrac has the following powers:
1. The CEO of Australia can give notice of a wider range of violations, including non-compliance with KYC reporting and record keeping proceres
2. The chief executive officer of austrac can issue the latest policy direction to the license holding companies to trace their breach of obligations
3. Give the police and customs officers the right to search and detain the person in charge of the license holding company in violation of their obligations at the Australian border< br />

