Zero Hash secures registration with AUSTRAC for Australians

CHICAGO, Aug. 11, 2022 (GLOBE NEWSWIRE) — Zero Hash Holdings announced today that its Australian subsidiary, Zero Hash Australia Pty Limited (“Zero Hash Australia”) has successfully applied to the Australian Transaction Reports and Analysis Center (“AUSTRAC”). as a provider of Digital Currency Exchange (“DCE”).

AUSTRAC is the Australian Government’s financial intelligence agency with regulatory responsibility for detecting, deterring and disrupting criminal abuse of the financial system to protect the community from serious and organized crime. This registration allows Zero Hash Australia to offer its crypto services to Australian businesses serving Australian residents.

Zero Hash enables companies to embed digital assets into their product offerings with little technical effort and no regulatory effort. Zero Hash empowers neo-banks, broker-dealers, payment groups, and non-financial consumer brands to offer digital assets. Clients includeleckworks (now owned by IG Capital), Banxa, Wirex, MoneyLion and DraftKings.

“We are excited to expand our regulatory footprint into Australia and advance our mission to be the global digital asset infrastructure for every financial institution,” said Edward Woodford, CEO and Founder of Zero Hash Holdings. “Not only does this registration allow us to power thriving Australian FinTechs, it also complements our footprint of licenses across the world, including the United States and Canada, providing our global clients with a one-stop solution for a global client base in digital assets made possible.”

Zero Hash’s APAC headquarters is located in Australia. Zero Hash Australia has appointed Claire Wivell Plater as Non-Executive Director and Strategic Advisor. Ms. Wivell Plater has been deeply involved in the Australian crypto and fintech ecosystems since 2013. Ms. Wivell Plater was previously Chair of The Fold Legal, a boutique law firm, a long-time member of the ASIC Business Advisory Committee and is…