Alchemy Pay, a global fiat-crypto payment solutions provider, has achieved a major regulatory milestone by registering as a Digital Currency Exchange Provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC). This approval strengthens Alchemy Pay’s position in the Australian market, allowing it to offer seamless and secure fiat-to-crypto payment services while ensuring compliance with local financial regulations.
A Step Toward a Stronger Australian Presence
With this AUSTRAC registration, Alchemy Pay can now establish direct partnerships with local payment providers, making crypto transactions more efficient and affordable for Australian users. This move aligns the company with major industry players like Kraken, which also operates under this regulatory framework.
According to Ailona Tsik, CMO of Alchemy Pay, the company’s mission is clear:
“Our goal is to build a compliant and robust infrastructure that connects traditional financial systems with the decentralized crypto economy. We’re excited to bring our services to Australian users while prioritizing regulatory engagement and trust.”
Why This Matters?
Regulatory approval brings several benefits for both Alchemy Pay and its users:
Regulatory Compliance – Ensures strict adherence to Australia’s AML (Anti-Money Laundering) and CTF (Counter-Terrorism Financing) regulations, reinforcing transparency.
Enhanced Trust & Credibility – Demonstrates commitment to legal compliance, strengthening confidence among users, regulators, and industry stakeholders.
Market Expansion – Enables Alchemy Pay to explore new business opportunities and connect Australian users to the global crypto economy.
Risk Mitigation – Minimizes risks related to illicit financial activities by complying with AUSTRAC’s strict regulatory requirements.
Uninterrupted Operations – Strengthens long-term business resilience, ensuring continued service without regulatory roadblocks.
Alchemy Pay’s Global Expansion Plan
This latest milestone is part of Alchemy Pay’s broader strategy to secure 20 regulatory licenses worldwide. The company is actively pursuing licensing in key regions, including Hong Kong, South Korea, Singapore, and Europe, to strengthen its global presence and compliance framework.
With its AUSTRAC approval, Alchemy Pay is well-positioned to bridge the gap between traditional finance and the crypto world, offering Australian users a secure and compliant way to engage with digital assets.
What’s Next?
As crypto adoption grows in Australia, Alchemy Pay’s regulatory approval marks a crucial step in making digital payments more accessible, secure, and compliant. With more jurisdictions tightening crypto regulations, firms that prioritize compliance, like Alchemy Pay, are likely to lead the future of regulated digital finance.
