Sentences with phrase «digital currency exchange services»

There will be criminal offence and civil penalty consequences if you provide digital currency exchange services without being registered.

AUSTRAC warns that the unregistered provision of digital currency exchange services will suffer «criminal offense and civil penalty consequences.»

That changed, however, on Wednesday as the popular digital currency exchange service Coinbase made it possible for people to buy and sell Litecoin.

The new legislation states that any business which offers digital currency exchange services must register with AUSTRAC.