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4h ago

Gemini Launches Australian Subsidiary With AUSTRAC Approval and AUD Payment Rails

The exchange is seeking an AFSL to widen regulated products under a proposed national licensing framework.

A representation of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration//File Photo
Photo: Callaghan O’Hare
Australia
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Overview

  • Gemini Intergalactic Australia Pty Ltd is now registered with AUSTRAC as a digital currency provider, enabling a full local operation.
  • Australian customers can fund and trade directly in AUD via local banking integrations, including New Payments Platform transfers and PayID.
  • James Logan has been appointed Head of Australia to lead a Sydney-based build-out across compliance, marketing and growth.
  • Gemini says it is applying for an Australian Financial Services Licence from ASIC to offer additional regulated services, including derivatives for wholesale clients.
  • The push follows a $425 million Nasdaq IPO in September and targets a highly engaged market, with an industry index reporting 31% crypto adoption in early 2025.