Is Coinbase legal in Australia?|Coinbase Australia is registered and enrolled with the Australian Transaction Reports and Analysis Center ( AUSTRAC ) to provide digital currency exchange services in accordance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) ( AML /CTF Act ).
Could you please elaborate on the legality of Coinbase in Australia? I understand that Coinbase Australia is registered with the Australian Transaction Reports and Analysis Centre, known as AUSTRAC. But I'm curious about how this registration ensures compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act of 2006, commonly referred to as the AML/CTF Act. Could you explain how this registration affects the legality of Coinbase's operations in Australia?