Toobit Announces AUSTRAC Registration, Enhanced Security and Service for Australian Crypto Traders

Toobit is a well-known and award-winning cryptocurrency exchange, which recently announced its successful registration with the Australian Transaction Reports and Analysis Center, known as AUSTRAC, as a Digital Currency Exchange. This is in full compliance with the country’s Anti-Money Laundering and Counter-Terrorism Act 2006.

What This Means for Australian Traders

This news is important to the growing exchange community in Australia. It ensures that Toobit delivers additional benefits of faster speed and improved reliability of its services, including but not limited to:

• Reliable bank connections and AUD on-ramps: As an AUSTRAC-registered exchange, Toobit offers a well-recognized on-ramp for local financial institutions, reducing the likelihood of bank-side transaction delays or restrictions on transfers involving AUD.
• Better fraud prevention: To meet the strict requirements of the AML/CFTC Act, Toobit maintains the highest quality KYC and transaction monitoring protocols.
• Traffic Compliance: Toobit’s registered status also allows traders to move assets between different wallets and other international exchanges without having to worry about compliance regulations often associated with unregistered entities.

Mike Williams, Chief Communications Officer at Toobit, said:

“Securing our AUSTRAC registration is an important 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 merchants can navigate global markets with uncompromised security and transparency.”

Building on existing good practices

This latest registration with AUSTRAC simply builds on VASP Poland’s successful acquisition of Toobit’s license, which was obtained pending the EU’s Market in Crypto-Assets (MiCA) framework. The cryptocurrency exchange guarantees a regulated experience, defined by comprehensive security agreements and full alignment with the regulatory environment of the developing world by using these European standards of the highest level in its operation in Australia.

The digital goods sector in the country is entering 2026 with unprecedented momentum. Industry forecasts have local market revenue reaching AUD 1.2 billion this year, driven by an annual growth rate of around 20%.

With global crypto adoption now exceeding 21% of adults connected to the internet, 2026 marks the transition to regulated entities. Australian retailers are increasingly prioritizing registered suppliers who offer guaranteed fraud protection and comply with the latest Travel Rule standards.

For more information about Toobit, visit: Website | X| Telegram | LinkedIn | Separation | Instagram

Disclaimer: The above article is sponsored content; written by a third person. CryptoPotato does not endorse or take responsibility for the content, advertising, products, quality, accuracy, or other material on this page. Nothing contained herein should be construed as financial advice. Readers are strongly advised to verify information independently and carefully before contacting any company or project mentioned and to do their own research. Investing in cryptocurrencies carries the risk of losing money, and readers are advised to consult with a professional before making any decisions that are not based on or based on the sponsored content above.

Readers are also advised to read CryptoPotato’s disclaimer.