Local cryptocurrency exchange gets certified

As investors and regulators around the world attempt to peer into the deep, dark jungle that is digital currency, one Australian exchange operator hopes it has found a way to shine a bit of light by becoming the first business of its kind to get industry certification.

BTC Markets is the first Australian exchange to be certified by the Australian Digital Commerce Association, the industry body for the digital currency sector.

The Melbourne-based cryptocurrency exchange demonstrated that “rigorous” standards were achieved in meeting the expectations of multiple Australian regulators, most notably AUSTRAC.

Operators of Australian exchanges for Bitcoin and other digital currencies need to register with the country’s anti-money laundering agency after new legislation passed through parliament late last year.

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Source: Local cryptocurrency exchange gets certified | afr.com