Australia’s Blockbid Exchange Granted Cryptocurrency License by Austrac
Blockbid is now registered with the Australian Transaction Reports and Analysis Centre (Austrac). This makes it only the third company granted permission to legally operate as a cryptocurrency exchange in Australia since new regulations came about last week.
The exchange is unique in that it provides insurance to those who could fall victim to cyber attacks.
David Sapper, COO at Blockbid commented: “Since its inception Blockbid has always wanted to put customers security and peace of mind at the forefront of building a one-for-all platform, allowing our users to trade with confidence. As a registered digital currency exchange in Australia we are looking forward to opening up our doors worldwide to all traders and investors who want to use a platform that is legitimate and provides asset insurance as well. This is a big step not only for the Australian cryptocurrency space but also for our company as it means that our vision to allow you to trade with confidence has been acknowledged by the Australian government under AML/CTF guidelines.”
MORE FROM BITCOIN.COM NEWS
Australia’s Digitalx Launches Cryptocurrency Investment Fund - Traditional Australian investors have gotten a new alternative for investing in the bitcoin and cryptocurrency markets. A publicly listed firm has launched a fund focusing on the field. Additionally, Digitalx has created a new educational video platform about cryptocurrency. Read More Here
Bithumb’s Revenue Last Year Jumps 171-Fold Compared to 2016 - According to local reports, the South Korean exchange Bithumb has released the firm’s 2017 revenue and the exchange made 171 times more than the previous year. Also read: Japan Revises Registration Rules for Cryptocurrency Exchanges. Read More Here
Bittrex Exchange is Back! Annnnnnd It’s Gone Again - After nearly four months of being purposefully offline to new users, popular crypto exchange Bittrex announced its reboot, complete with a new website. Within an hour, the company had to once again cease onboarding customers. Read More Here
- Aaron Goldstein, Gambling911.com
