Elysium Exchange was formed under Asia Digital Asset Management Limited. Thereafter we registered with AUSTRAC (Australian Transaction Reports and Analysis Centre) as Digital Currency Exchange in September 2020. Elysium Exchange further expanded onto becoming a digital currency trading platform and now can fully perform in Australia with digital currency and cryptocurrency services including exchange, trading and wallet function.
AUSTRAC digital currency exchange license is one of the few authoritative DCE licenses and had become a global digital currency and cryptocurrency exchange benchmark. AUSTRAC is the Australian Government agency that collects and analyses financial reports and information to generate financial intelligence. The Centre is also responsible for detecting, deterring and disrupting criminal abuse of the financial system to protect the community from serious and organised crime.
Australia’s cryptocurrency regulations require exchanges to register with the Australian Transaction Reports and Analysis Centre (AUSTRAC) in compliance with the AML/CTF 2006 Part 6A – Digital Currency Exchange Register. The regulations require entities acting as exchanges, or providing registrable exchange type services, to identify and verify their users, maintain records, and comply with government AML/CTF reporting obligations.
Digital Currency Exchange
The digital currency exchange or digital asset exchange will be one of the core business of the AET ecosystem and on its early stage of development. Within five years of the establishment of AET, AET will invest, incubate, and create at least 10 digital asset exchanges around the world, and implement differentiated operations and management according to different countries, different languages, and different races to form an exchange. A multi-country, multi-language, and multi-cultural global matrix has successively realized the global free migration of digital assets within the ecological scope. The exchange is the first infrastructure in AET’s global financial infrastructure.
Elysium Exchange is positioned as a world-class tiptop digital asset management platform. Gathering experts and professionals in the field, the platform promotes blockchain technology application through innovative blockchain infrastructures such as encryption algorithms, consensus algorithms, data storage, and network security. We are committed to providing safe, convenient, and reliable blockchain asset trading services for global users.