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CoinZoom Gets Approval from AUSTRAC to Operate As a Digital Currency Exchange

CoinZoom Gets Approval from AUSTRAC to Operate As a Digital Currency Exchange

CoinZoom goal of increasing its global footprint is heading in the right direction after CoinZoom Australia become a legal entity in the Australia market. With the firm been approved by Australia’s regulatory financial body (AUSTRAC) CoinZoom Australia has the rights to operate as a virtual currency Digital Currency Exchange platform. From next year the latter can exchange and accept cryptocurrency, digital assets and fiat currency to Australian citizens.

CoinZoom Australia is a subsidiary of CoinZoom Inc. a virtual currency exchange firm based in the US and with the addition of Australia CoinZoom now has a presence in several countries. In the US CoinZoom has permits from FinCEN to provide Money Services Business in 50 states. Besides the MSB license CoinZoom is in the process of acquiring Money Transmitter Licenses in more states. Some of the states the exchange has recently obtained the latter license are  Oregon, Maryland, Kansas, Lowa, Georgia, Arizona, Washington, Ohio, and Florida. As per now, CoinZoom can offer its money transmitter services in 35 states across the US. But the coverage is increasing with more states been added on a weekly basis.

Services Australians are bound to get from CoinZoom

Armed with the license from AUSTRAC CoinZoom Australia can provide a number of its services. Through its top-notch technology traders can link their virtual currency wallets, bank accounts, and their credit card. The seamless linking of all the above give traders easy access to their finances. In addition to that Australian crypto traders, will receive debit card rewards and can also access the platforms social trading capabilities.

Furthermore through CoinZoom traders can make trades easily and quickly via either their desktops, Android or IOS devices. Through any of the devices, users can provide details to comply with the KYC/AML procedures according to both the Australian and US regulations. Similarly, traders can access pattern recognition systems while at CoinZoom platform.

Although in the US CoinZoom platform is up and running Australian citizens will be able to use CoinZoom platform come 2019. Just like their counterparts in the US, they will have an opportunity to make trades in Ripple, Litecoin, Bitcoin Gold, Bitcoin Cash, Ethereum and focus Bitcoin. Other altcoins are also available. The platform comes with high-security features and different digital currency pairs which are vital factors in the virtual currency trading arena. With an experienced team of personnel, Australian crypto traders will get only the best.