• Alchemy Pay secures AUSTRAC registration, enabling fiat-to-crypto payment services in Australia and bolstering its global compliance efforts.
• The approval marks a key step in Alchemy Pay’s strategy to expand its regulatory footprint, with licenses in the US, Canada, and beyond.

Fiat-crypto payment solutions provider, Alchemy Pay has officially registered as a Digital Currency Exchange Provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC). This regulatory approval enables the company to offer secure and seamless fiat-to-crypto payment services in Australia, strengthening its foothold in a competitive market.

With this registration, Alchemy Pay can partner with local payment facilitators, delivering cost-effective crypto exchange services tailored to Australian users. The development places the company alongside established players like Kraken, who also operate under AUSTRAC’s regulatory framework.

Enhancing Compliance and Market Reach

Alchemy Pay’s AUSTRAC approval underscores its commitment to regulatory adherence, ensuring full compliance with Australia’s anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. This compliance framework mitigates risks associated with illicit financial activities while enhancing operational integrity and uninterrupted service delivery.

“Our mission is to build a robust and compliant infrastructure that connects the traditional financial system with the decentralized crypto economy,” said Ailona Tsik, Chief Marketing Officer at Alchemy Pay.

“We’re excited to bring our services directly to Australian users, committing to regulatory engagement, trust-building, and effective risk management in Australia.”

This milestone reflects Alchemy Pay’s broader strategy to foster stakeholder trust and expand its global market reach. By aligning with regulatory standards, the company positions itself as a reliable financial technology provider for both consumers and industry partners.

A Global Compliance Strategy

The AUSTRAC registration is part of Alchemy Pay’s strategic push for regulatory compliance across multiple jurisdictions. The company has secured significant approvals, including Money Services Business status with FINTRAC in Canada and eight Money Transmitter Licenses (MTLs) in the United States. Recent licenses in Minnesota, Oklahoma, Oregon, and Wyoming complement earlier approvals in Arkansas, Iowa, New Hampshire, and New Mexico.

Looking ahead, Alchemy Pay is actively pursuing regulatory licenses in key markets such as Hong Kong, South Korea, Singapore, and Europe. This ongoing expansion aligns with the company’s vision of creating a secure, interconnected global crypto economy, making digital payments more accessible and trustworthy.

Founded in Singapore in 2017, Alchemy Pay aims to bridge the gap between traditional finance and the decentralized crypto ecosystem, with its services spanning 173 countries.

Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by Harshajit Sarmah.