Is Kraken allowed in Australia?

Excuse me, I'm somewhat curious about the legality of Kraken in Australia. I understand that cryptocurrencies have been gaining popularity worldwide, but I'm not quite sure about their legal status in Australia. Could you please clarify if Kraken, being one of the largest crypto exchanges, is allowed to operate in Australia? I'd appreciate it if you could also provide some insight into the relevant regulations or policies regarding cryptocurrencies in Australia. Thank you in advance for your help.