Company Name: NCX AU
Announcement Date: 18/04/2018
Announcement Category: Other
Announcement Content:
NCX AU is pleased to announce that the Perth-based cryptocurrency Exchange has completed registration with AUSTRAC, Australia’s financial intelligence agency with regulatory responsibility for anti-money laundering and counter-terrorism financing, and continues to provide leading digital currency exchange services.
Pursuant to subsection 76E(2) of the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017, passed late last year, all Australian exchanges for bitcoin and other cryptocurrencies must be registered.
Registration with AUSTRAC requires digital currency exchanges to adopt and maintain an anti-money laundering and counter-terror financing program, report suspicious matters and threshold transactions to AUSTRAC, as well as keep records relating to customer identification and transactions.
NCX confirms its compliance program will keep it in alignment with its anti-money laundering and counter-terror financing obligations.
The completion of this registration allows NCX to continue to provide trading services in popular cryptocurrencies, such as Bitcoin, Ethereum, Litecoin and Bitcoin Cash, with further cryptocurrencies and upcoming ICO’s to be added to the Exchange later this year.
“NCX is one of Australia’s early movers in the cryptocurrency space, establishing a reputation for open, secure digital asset trading,” NCX Chief Executive Officer Tommy Shin said.
“Having been fully-registered with AUSTRAC NCX AU will continue to focus on providing digital currency services through our advanced security technology, which is a key differentiator from other exchanges.
“NCX places a high priority on integrity and responsibility, with these values deeply embedded at our organisation’s core,” he said.
The NCX Exchange is backed by a local Perth-based 30-year-old technology company, providing expertise to securely manage infrastructure and develop customer engaging mobile applications.
-ENDS-
For further information, please contact:
David Tasker
Chapter One Advisors
Tel: +61 433 112 936
E: [email protected]
About the NCX
NCX is a Western Australian owned and operated company backed by local technology firm who have more than 30 years’ experience in the software and technology industry. NCX is a platform where investors, traders and everyday Australians come to buy and sell Cryptocurrency with peace of mind that their funds and digital assets are being stored locally within Australia.
NCX aims to improve the User Experience when it comes to Cryptocurrency trading to engage users outside the general demographic including those without a technical background or knowledge.
Announcement URL: http://www.ncx.com.au
About NCX AU:
TRADE BITCOIN & ETHEREUM ONLINE USING A LOCALLY CONTROLLED EXCHANGE
Go to Company Profile for: NCX AU
Announcement Contact: [email protected]
