Alchemy Pay has announced that it has been approved by AUSTRAC in Australia to become a digital currency exchange provider.

BlockBeats News, January 27th, according to official sources, Alchemy Pay has announced its successful registration as a digital currency exchange provider certified by the Australian Transaction Reports and Analysis Centre (AUSTRAC), enabling Alchemy Pay to offer seamless and secure fiat-to-cryptocurrency payment services in the Australian market.

AUSTRAC is an Australian government agency responsible for regulating and combating money laundering, terrorism financing, and other financial crimes. It primarily fulfills its functions through the collection and analysis of financial transaction data, monitoring cross-border fund flows, and cooperation with domestic and foreign law enforcement agencies.