Is CoinSpot Regulated?

Is CoinSpot Regulated?

CoinSpot is a registered Virtual Asset Service Provider (VASP), regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC). CoinSpot is also the holder of an Australian Financial Services Licence (AFSL) with a non-cash payments authorisation, issued and regulated by the Australian Securities and Investment Commission (ASIC).

 

Who is AUSTRAC?

AUSTRAC is Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regulator and Financial Intelligence Unit. 

AUSTRAC works to deter and disrupt criminal abuse of the financial system by regulating businesses that provide financial and virtual asset services. This is done through the collection and analysis of financial transaction data to generate intelligence to combat money laundering, terrorism financing and proliferation financing. It also enforces compliance through supervision, guidance and regulatory action, where necessary

Why is CoinSpot registered with AUSTRAC?

CoinSpot has been registered as a VASP with AUSTRAC since 8th May 2018.

Under Australian law, all businesses providing virtual asset exchange services are regulated by AUSTRAC. VASP business are required to meet a number of AML/CTF obligations, including:

• Adopting and maintaining an AML/CTF program to identify, mitigate and manage money laundering,terrorism financing and proliferation financing risks;
• Identifying and verifying the identities of their customers;
  Reporting suspicious matters to AUSTRAC; and
• Keeping certain records for seven years.

CoinSpot is committed to complying with its obligations under AML/CTF law and protecting the Australian community from the impacts of financial crime.

Australian Financial Services Licence (AFSL) & ASIC Regulation

In addition to AUSTRAC registration, as of 29 April 2026, CoinSpot operates within Australia’s broader financial services regulatory framework by holding an AFSL with a non-cash payments authorisation.

Who is ASIC?

ASIC is Australia’s corporate, markets and financial services regulator. It oversees financial services providers and licensed entities, administers company and financial services law, and works to protect consumers while maintaining market integrity.

Why does CoinSpot hold an AFSL?

CoinSpot has secured an AFSL, for the provision of non-cash payment facilities, to remain compliant while Australia’s digital asset regulatory framework continues to evolve. This proactive approach reflects a simple belief: Australians should benefit from strong standards of conduct, transparency and consumer protections when using crypto-related services.