Toobit Announces AUSTRAC Registration, Bolstering Security and Service for Australian Crypto Traders
Toobit is a very well-known and award-winning cryptocurrency exchange, which has recently announced its successful registration with the Australian Transaction Reports and Analysis Centre, a.k.a AUSTRAC, as a Digital Currency Exchange. This is in full compliance with the country’s Anti-Money Laundering and Counter-Terrorism Financing Act of 2006.
What This Means for Australian Traders
The news is important for the growing community of the exchange in Australia. It confirms that Toobit delivers additional immediate practical benefits as well as enhanced reliability of its services, which include but are not limited to:
- Reliable banking connectivity and on-ramps for AUD: As an AUSTRAC-registered exchange, Toobit provides a well-recognized on-ramp for local financial institutions, reducing the likelihood of bank-side transaction delays or blocks on transfers involving AUD.
- Better fraud prevention: To meet the strict requirements of the AML/CFTC Act, Toobit maintains very high-standard KYC and transaction monitoring protocols.
- Travel Rule compliance: Toobit’s registered status also allows traders to move assets between different wallets and other global exchanges without having to worry about compliance freezes which are oftentimes associated with unregistered entities.
Speaking on the matter was Mike Williams, Chief Communication Officer at Toobit, who said:
“Securing our AUSTRAC registration is a pivotal step in our mission to provide a transparent and professional trading environment for Australians. […] Meeting these rigorous standards allows us to build a foundation of trust so our traders can navigate global markets with uncompromising security and greater transparency.”
Building on Existing Best Practices
This latest registration with the AUSTRAC is simply building upon Toobit’s successful Polish VASP license acquisition, which was obtained in anticipation of the EU’s Market in Crypto-Assets (MiCA) framework. The cryptocurrency exchange ensures a regulated experience, which is defined by comprehensive security protocols and a complete alignment with the nation’s evolving regulatory landscape by applying these very high-level European standards to its operations in Australia.
The digital asset sector in the country enters 2026 with unprecedented momentum. Industry forecasts project the local market revenue to reach AUD 1.2 billion this year, driven by a nearly 20% annual growth rate.
With global crypto adoption now exceeding 21% of internet-connected adults, 2026 marks a shift toward regulated entities. Australian traders are increasingly prioritizing registered providers that offer verified fraud protection and adhere to the latest national Travel Rule standards.
For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and to do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
The post Toobit Announces AUSTRAC Registration, Bolstering Security and Service for Australian Crypto Traders appeared first on CryptoPotato.
