Cryptocurrency Q&A
Is Coinbase safe to use in Australia?
Is Coinbase safe to use in Australia?
Valentina
Fri Mar 29 2024
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5 answers
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I'm interested in cryptocurrency and I'm considering using Coinbase as my trading platform. However, I'm a bit concerned about its safety, especially in Australia. Could you tell me if Coinbase is safe to use in Australia? I've heard some rumours about hackers attacking crypto exchanges, so I'm quite worried about the security of my funds. Could you also tell me what security measures Coinbase takes to protect its users' information and funds? Thank you for your help!
5 answers
CharmedWhisper
Sun Mar 31 2024
These services are offered in compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), commonly known as the AML/CTF Act.
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Ilaria
Sun Mar 31 2024
The AML/CTF Act aims to prevent the use of the financial system for illegal activities such as money laundering and terrorism financing.
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Tommaso
Sun Mar 31 2024
Coinbase Australia is registered and enrolled with the Australian Transaction Reports and Analysis Centre (AUSTRAC).
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ShintoBlessed
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, also offers similar services, ensuring compliance with respective regional laws and regulations.
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KatanaGlory
Sun Mar 31 2024
This registration allows Coinbase Australia to provide digital currency exchange services in the country.
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