Bityard wins Australian Financial Services License, and global compliance strategy bears fruit

Recently, Bityard obtained a financial services license issued by AUSTRAC (Australian Transaction Reports and Analysis Centre). This is a very important step for Bityard to fulfill its mission of "providing users with safe and compliant global digital asset services". There is no doubt that Bityard is the world's leading digital currency contract trading platform. In addition to obtaining a financial services license issued by AUSTRAC, Bityard is also legally authorized to carry out digital currency exchange, digital currency trading, digital currency wallets, remittance services and other related financial services throughout Australia.

Australia is an important region that focuses on digital asset transactions and regulates the digital currency industry. As of November 2019, the Independent Reserve, Australia's first regulated cryptocurrency exchange, reported that in the next five years, up to half of people under the age of 40 in Australia will own cryptocurrencies or digital assets, and currently nearly 17% of Australians already own digital currencies.

AUSTRAC is the highest financial regulatory body in Australia, responsible for supervising money laundering and counter-terrorism financing in Australia. With the license and approval issued by AUSTRAC, Bityard has proved that it complies with the regulations of regulators in the Asia-Pacific region and around the world. It is believed that in cooperation with AUSTRAC led by Nicole Rose, Bityard can legally provide customers with safe, simple and fast financial services. In addition, Bityard is also legally authorized to engage in digital currency trading and remittance services.

In addition to obtaining a financial services license from AUSTRAC, Bityard obtained a license from the US regulator FinCEN (Financial Crimes Enforcement Network, a subsidiary of the US Treasury Department) on November 14, 2019, obtained the Singapore Enterprise Regulatory Authority ACRA qualification certification and legal department compliance letter on November 11, 2019, and obtained the Estonian MTR license on February 17, 2020. Bityard is creating a mechanism to comply with global regulations to protect its user base. This means that Bityard's security risk control mechanism has been approved and recognized by relevant regulatory authorities, and it also means that Bityard is not a small role.

Regarding regulations, the head of Bityard's operations said: "Compliance, security, and efficiency have always been the core of Bityard's operations. Conducting business under the compliance framework of countries around the world is our most important strategy. Bityard was able to obtain the US MSB license, Estonian MTR license, and Australian AUSTRAC license in such a short period of time, and quickly entered the world's first-tier exchanges. Although it was beyond the expectations of most people, this shows that the team has always standardized its operations in accordance with the highest standards, which is a concentrated display of the team's long-term development determination and recent efforts. For users, licensed operations are also a natural screening barrier for the current numerous exchanges. Users can trade with peace of mind only when they choose licensed exchanges, and exchanges can also guarantee the interests of all users. Bityard believes that compliance brings brand effects, and brand effects are conducive to business layout and ecological evolution. Global compliance is the company's broader development strategy, and Bityard will not stop."

Bityard currently supports four different language services - English, Chinese, Korean and Vietnamese. The Bityard team is working hard to provide multiple languages ​​and plans to add Russian, Indonesian, etc.

Bityard was founded in Singapore on November 14, 2019. It is committed to providing global investors with safe, simple and fast professional financial services for digital assets and their derivatives. It is committed to creating an exchange with simple and convenient operation and first-class experience to provide customers with the best service.

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